Blackline Safety (BLN) Stock Rating Upgraded by Raymond James Financial

Blackline Safety (CVE:BLN) was upgraded by equities research analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday. The firm presently has a C$6.00 price objective on the stock, up from their prior price objective of C$4.50. Raymond James Financial’s price target would indicate a potential upside of 29.03% from the company’s previous close.

Blackline Safety (CVE BLN) traded up C$0.05 during trading on Monday, reaching C$4.65. 12,483 shares of the company’s stock traded hands, compared to its average volume of 31,660. The firm has a market capitalization of $160.61, a price-to-earnings ratio of -17.59 and a beta of 0.09. Blackline Safety has a 12-month low of C$2.96 and a 12-month high of C$4.90.

In other Blackline Safety news, insider Clark Swanson sold 15,000 shares of Blackline Safety stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of C$4.42, for a total transaction of C$66,300.00. Over the last quarter, insiders have acquired 4,000 shares of company stock worth $17,545.

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About Blackline Safety

Blackline Safety Corp. is a Canada-based global connected safety technology company. The Company designs, manufactures and sells products and services that combine wireless technology and global positioning system (GPS) to protect people and property, and provide geographic connectivity. The Company’s segments include Product and Service.

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