Blackline Safety (CVE:BLN) Raised to “Strong-Buy” at Ventum Cap Mkts

Blackline Safety (CVE:BLN) was upgraded by research analysts at Ventum Cap Mkts to a “strong-buy” rating in a report released on Wednesday, Zacks.com reports.

A number of other research analysts also recently commented on BLN. National Bankshares set a C$6.00 price target on Blackline Safety and gave the company a “buy” rating in a research note on Thursday, June 13th. Ventum Financial set a C$6.50 price target on shares of Blackline Safety and gave the stock a “buy” rating in a research report on Thursday. ATB Capital increased their price target on shares of Blackline Safety from C$5.50 to C$6.00 in a research report on Monday, June 17th. Finally, Canaccord Genuity Group boosted their price objective on shares of Blackline Safety from C$5.25 to C$5.50 and gave the company a “speculative buy” rating in a research report on Friday, June 14th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$6.00.

Blackline Safety Price Performance

Shares of BLN opened at C$8.92 on Wednesday. The company has a market cap of C$484.79 million and a price-to-earnings ratio of -42.88. The company has a current ratio of 3.72, a quick ratio of 3.09 and a debt-to-equity ratio of 2.72. The company’s fifty day simple moving average is C$8.92 and its 200 day simple moving average is C$8.92. Blackline Safety has a 1-year low of C$4.60 and a 1-year high of C$9.09.

Blackline Safety (CVE:BLN) last announced its quarterly earnings results on Thursday, June 13th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.02). The business had revenue of C$31.58 million during the quarter, compared to analyst estimates of C$30.62 million. On average, research analysts forecast that Blackline Safety will post -0.05 earnings per share for the current fiscal year.

Blackline Safety Company Profile

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.