Blackline Safety (CVE:BLN) PT Lowered to C$4.00 at Canaccord Genuity Group

Blackline Safety (CVE:BLNGet Rating) had its target price lowered by equities researchers at Canaccord Genuity Group from C$5.00 to C$4.00 in a research note issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential downside of 55.16% from the stock’s previous close.

Separately, Atb Cap Markets reiterated an “outperform” rating on shares of Blackline Safety in a report on Sunday, November 6th.

Blackline Safety Price Performance

CVE:BLN traded down C$0.03 during trading hours on Wednesday, reaching C$8.92. The stock had a trading volume of 15,300 shares, compared to its average volume of 23,527. The stock has a market capitalization of C$484.79 million and a PE ratio of -42.88. Blackline Safety has a 52 week low of C$4.60 and a 52 week high of C$9.09. The company has a 50 day moving average price of C$8.92 and a two-hundred day moving average price of C$8.92. The company has a debt-to-equity ratio of 2.72, a quick ratio of 3.09 and a current ratio of 3.72.

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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