Blackline Safety (TSE:BLN) Price Target Raised to C$11.00 at ATB Capital

Key Points

• ATB Capital has raised its price target for Blackline Safety (TSE:BLN) from C$10.00 to C$11.00, indicating a potential upside of 56.70% from its previous close.
• The stock currently has an "outperform" rating and has shown significant trading activity with a volume of 142,476 shares on Friday.
• Insider activity includes the purchase of 5,000 shares by Senior Officer Kevin Joseph Meyers at an average cost of C$6.50, with company insiders owning 30.13% of the stock.

Blackline Safety (TSE:BLN - Get Free Report) had its price target upped by analysts at ATB Capital from C$10.00 to C$11.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. ATB Capital's target price indicates a potential upside of 56.70% from the company's previous close.

Blackline Safety Price Performance

Shares of BLN stock traded down C$0.35 during trading hours on Friday, reaching C$7.02. The company had a trading volume of 142,476 shares, compared to its average volume of 68,832. The company has a debt-to-equity ratio of 23.58, a quick ratio of 3.09 and a current ratio of 1.97. The stock has a fifty day moving average of C$6.67 and a 200-day moving average of C$6.84. The company has a market capitalization of C$608.55 million, a price-to-earnings ratio of -78.00 and a beta of 1.04. Blackline Safety has a 12-month low of C$5.28 and a 12-month high of C$7.97.

Insider Activity

In related news, Senior Officer Kevin Joseph Meyers purchased 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, for a total transaction of C$32,498.00. 30.13% of the stock is owned by company insiders.

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.

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