Blackline Safety (CVE:BLN) Lowered to “Hold” Rating by Royal Bank Of Canada

Blackline Safety (CVE:BLN) was downgraded by equities research analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Raymond James Financial cut shares of Blackline Safety from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 9th. TD Securities cut shares of Blackline Safety from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Blackline Safety Stock Down 0.3%

CVE BLN opened at C$8.92 on Thursday. The company has a 50 day moving average of C$8.92 and a 200-day moving average of C$8.92. Blackline Safety has a 1-year low of C$4.60 and a 1-year high of C$9.09.