Blackline Safety (TSE:BLN) Hits New 12-Month High – Should You Buy?

Blackline Safety Corp. (TSE:BLN)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$6.70 and last traded at C$6.64, with a volume of 47180 shares traded. The stock had previously closed at C$6.50.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Ventum Financial boosted their price target on Blackline Safety from C$6.50 to C$7.00 in a report on Thursday, September 12th. National Bankshares raised their price target on Blackline Safety from C$6.00 to C$6.50 in a research note on Thursday, September 12th. Ventum Cap Mkts raised shares of Blackline Safety to a “strong-buy” rating in a research note on Wednesday, September 4th. ATB Capital raised their target price on shares of Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. Finally, Raymond James boosted their price target on shares of Blackline Safety from C$7.00 to C$8.00 in a report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$7.00.

Blackline Safety Price Performance

The firm has a market capitalization of C$542.29 million, a P/E ratio of -28.26 and a beta of 1.54. The stock’s fifty day simple moving average is C$6.09 and its 200 day simple moving average is C$7.82. The company has a debt-to-equity ratio of 36.48, a current ratio of 2.07 and a quick ratio of 3.09.

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.