Blackline Safety Corp. (TSE:BLN) Given Average Rating of “Hold” by Analysts

Blackline Safety Corp. (TSE:BLN) has been given an average recommendation of “Hold” by the five research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$9.27.

Several brokerages have recently commented on BLN. Ventum Financial downgraded Blackline Safety from a “buy” rating to a “tender” rating and upped their target price for the company from C$8.25 to C$9.00 in a report on Thursday, April 9th. TD downgraded Blackline Safety from a “hold” rating to a “sell” rating and upped their target price for the company from C$8.00 to C$9.00 in a report on Monday, April 13th. Royal Bank Of Canada downgraded Blackline Safety from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$9.00 to C$9.25 in a report on Friday, May 22nd. Finally, Raymond James Financial downgraded Blackline Safety from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$10.00 to C$9.38 in a report on Friday, April 10th.

Blackline Safety Trading Up 0.6%

Shares of Blackline Safety stock opened at C$9.03 on Tuesday. The company has a quick ratio of 3.09, a current ratio of 2.02 and a debt-to-equity ratio of 17.78. The firm has a market cap of C$789.29 million, a price-to-earnings ratio of -75.25 and a beta of 0.99. The business has a fifty day simple moving average of C$8.66 and a 200-day simple moving average of C$7.39. Blackline Safety has a fifty-two week low of C$5.90 and a fifty-two week high of C$9.06.

Blackline Safety (TSE:BLN) last announced its quarterly earnings data on Thursday, March 12th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$38.85 million during the quarter. Blackline Safety had a negative net margin of 6.83% and a negative return on equity of 13.41%. On average, equities analysts forecast that Blackline Safety will post -0.05 EPS for the current fiscal year.

Blackline Safety Company Profile

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 161 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, the company ensure that help is never too far away.