Blackline Safety (TSE:BLN) Downgraded to “Sector Perform” Rating by Royal Bank Of Canada

Blackline Safety (TSE:BLN) was downgraded by equities research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They presently have a C$9.25 price target on the stock, up from their previous price target of C$9.00. Royal Bank Of Canada’s price target would indicate a potential upside of 2.89% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Ventum Financial downgraded shares of Blackline Safety from a “buy” rating to a “tender” rating and boosted their price objective for the stock from C$8.25 to C$9.00 in a research report on Thursday, April 9th. Raymond James Financial downgraded 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. Finally, TD downgraded shares of Blackline Safety from a “hold” rating to a “sell” rating and boosted their price objective for the stock from C$8.00 to C$9.00 in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$9.27.

Blackline Safety Price Performance

Blackline Safety stock remained flat at C$8.99 during trading on Friday. 244,083 shares of the company were exchanged, compared to its average volume of 312,421. Blackline Safety has a one year low of C$5.90 and a one year high of C$9.06. The firm has a 50-day moving average of C$8.19 and a 200 day moving average of C$7.22. The company has a debt-to-equity ratio of 17.78, a quick ratio of 3.09 and a current ratio of 2.02. The stock has a market capitalization of C$782.34 million, a PE ratio of -74.92 and a beta of 0.87.

Blackline Safety (TSE:BLN) last issued its quarterly earnings results on Thursday, March 12th. The company reported C($0.03) earnings per share (EPS) for the quarter. The firm had revenue of C$38.85 million during the quarter. Blackline Safety had a negative return on equity of 13.41% and a negative net margin of 6.83%. On average, equities analysts predict 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.