Blackline Safety Corp. (TSE:BLN) Given Consensus Recommendation of “Hold” by Brokerages

Blackline Safety Corp. (TSE:BLN) has been assigned an average rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$9.27.

Separately, Royal Bank Of Canada cut Blackline Safety from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$9.00 to C$9.25 in a research note on Friday, May 22nd.

Blackline Safety Price Performance

The stock has a market capitalization of C$791.31 million, a PE ratio of -82.27 and a beta of 0.95. The company has a debt-to-equity ratio of 17.76, a current ratio of 1.89 and a quick ratio of 3.09. Blackline Safety has a 12-month low of C$5.90 and a 12-month high of C$9.25. The firm has a 50 day simple moving average of C$9.04 and a 200 day simple moving average of C$8.17.

Blackline Safety (TSE:BLN) last posted its quarterly earnings data on Wednesday, June 10th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$44.29 million during the quarter. Blackline Safety had a negative net margin of 6.11% and a negative return on equity of 13.09%. On average, equities research analysts anticipate that Blackline Safety will post -0.05 EPS for the current fiscal year.

About Blackline Safety

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.