ATB Capital Forecasts Strong Price Appreciation for Blackline Safety (TSE:BLN) Stock

Blackline Safety (TSE:BLN) had its price target increased by equities research analysts at ATB Capital from C$10.00 to C$11.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price objective would indicate a potential upside of 56.25% from the company’s current price.

Blackline Safety Stock Performance

Shares of BLN stock opened at C$7.04 on Friday. The company has a market capitalization of C$610.28 million, a P/E ratio of -78.22 and a beta of 1.04. The business’s 50 day moving average is C$6.66 and its two-hundred day moving average is C$6.84. Blackline Safety has a 12-month low of C$5.28 and a 12-month high of C$7.97. The company has a current ratio of 1.97, a quick ratio of 3.09 and a debt-to-equity ratio of 23.58.

Insider Buying and Selling at Blackline Safety

In other news, Senior Officer Kevin Joseph Meyers acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 17th. The stock was acquired at an average cost of C$6.50 per share, with a total value of C$32,498.00. Insiders own 30.13% of the company’s stock.

Blackline Safety Company Profile

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries.