Blackline Safety (TSE:BLN – Free Report) had its price objective raised by TD Securities from C$6.00 to C$7.50 in a research note released on Thursday, BayStreet.CA reports.
A number of other analysts have also commented on the company. Canaccord Genuity Group lifted their price target 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 Cap Mkts raised Blackline Safety to a strong-buy rating in a report on Wednesday, September 4th. 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. ATB Capital increased their target price on shares of Blackline Safety from C$5.50 to C$6.00 in a research report on Monday, June 17th. Finally, Ventum Financial boosted their price target on shares of Blackline Safety from C$6.50 to C$7.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of C$6.80.
Read Our Latest Stock Report on Blackline Safety
Blackline Safety Stock Performance
Blackline Safety (TSE:BLN – Get Free Report) last issued its quarterly earnings results on Thursday, June 13th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). The company had revenue of C$31.58 million during the quarter, compared to analyst estimates of C$30.62 million. As a group, analysts anticipate that Blackline Safety will post -0.05 EPS for the current year.
Blackline Safety Company Profile
Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones.
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