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

Shares of Blackline Safety Corp. (TSE:BLN) have earned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$9.27.

A number of research firms have weighed in on BLN. Raymond James Financial cut shares of Blackline Safety from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$10.00 to C$9.38 in a research report on Friday, April 10th. Royal Bank Of Canada lowered Blackline Safety from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$9.00 to C$9.25 in a research note on Friday, May 22nd. TD cut Blackline Safety from a “hold” rating to a “sell” rating and boosted their target price for the stock from C$8.00 to C$9.00 in a report on Monday, April 13th. Finally, Ventum Financial lowered Blackline Safety from a “buy” rating to a “tender” rating and upped their price target for the company from C$8.25 to C$9.00 in a research report on Thursday, April 9th.

Blackline Safety Price Performance

Blackline Safety stock opened at C$9.05 on Wednesday. The company has a debt-to-equity ratio of 17.76, a current ratio of 1.89 and a quick ratio of 3.09. The stock has a market capitalization of C$791.31 million, a PE ratio of -82.27 and a beta of 0.95. The business has a 50 day simple moving average of C$9.02 and a 200-day simple moving average of C$7.86. Blackline Safety has a 12 month low of C$5.90 and a 12 month high of C$9.25.

Blackline Safety (TSE:BLN) last announced its earnings results on Wednesday, June 10th. The company reported C($0.04) earnings per share (EPS) for the quarter. Blackline Safety had a negative net margin of 6.11% and a negative return on equity of 13.09%. The business had revenue of C$44.29 million for the quarter. On average, analysts anticipate 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.