Blackline Safety (CVE:BLN) Stock Rating Upgraded by Ventum Cap Mkts

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

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

Blackline Safety Stock Down 0.3 %

Shares of CVE BLN opened at C$8.92 on Wednesday. The stock has a 50-day moving average price of C$8.92 and a two-hundred day moving average price of C$8.92. Blackline Safety has a 12 month low of C$4.60 and a 12 month high of C$9.09. 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 has a market cap of C$484.79 million and a price-to-earnings ratio of -42.88.

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

About Blackline Safety

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.