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

Blackline Safety Corp. (TSE:BLN) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$9.27.

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

Blackline Safety Stock Performance

Shares of TSE:BLN opened at C$9.00 on Tuesday. The stock has a 50 day moving average of C$8.47 and a 200 day moving average of C$7.32. The company has a market cap of C$786.67 million, a PE ratio of -75.00 and a beta of 0.87. The company has a current ratio of 2.02, a quick ratio of 3.09 and a debt-to-equity ratio of 17.78. Blackline Safety has a 12-month low of C$5.90 and a 12-month 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 (EPS) for the quarter. The company had revenue of C$38.85 million for the quarter. Blackline Safety had a negative net margin of 6.83% and a negative return on equity of 13.41%. As a group, equities research analysts expect that Blackline Safety will post -0.05 EPS for the current 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.