Blackline Safety (CVE:BLN) PT Lowered to C$5.50 at TD Securities

Blackline Safety (CVE:BLNGet Rating) had its target price lowered by stock analysts at TD Securities from C$6.00 to C$5.50 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “speculative buy” rating on the stock. TD Securities’ price objective would suggest a potential downside of 38.34% from the stock’s previous close.

BLN has been the topic of several other research reports. Atb Cap Markets reissued an “outperform” rating on shares of Blackline Safety in a report on Sunday, November 6th. Canaccord Genuity Group dropped their target price on shares of Blackline Safety from C$5.00 to C$4.00 in a report on Wednesday.

Blackline Safety Price Performance

Shares of BLN stock traded down C$0.03 during midday trading on Wednesday, reaching C$8.92. 15,300 shares of the company traded hands, compared to its average volume of 23,527. The firm has a market cap of C$484.79 million and a PE ratio of -42.88. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09. The firm’s 50 day simple moving average is C$8.92 and its two-hundred 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.

About Blackline Safety

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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.

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