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

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

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

Blackline Safety Price Performance

BLN stock opened at C$9.05 on Friday. Blackline Safety has a 52 week low of C$5.90 and a 52 week high of C$9.25. The company has a quick ratio of 3.09, a current ratio of 1.89 and a debt-to-equity ratio of 17.76. The firm has a 50-day simple moving average of C$9.00 and a 200-day simple moving average of C$7.65. The stock has a market capitalization of C$791.31 million, a P/E ratio of -82.27 and a beta of 0.99.

Blackline Safety (TSE:BLN) last issued its quarterly earnings results on Wednesday, June 10th. The company reported C($0.04) earnings per share for the quarter. Blackline Safety had a negative net margin of 6.11% and a negative return on equity of 13.09%. The company had revenue of C$44.29 million during the quarter. Equities analysts forecast that Blackline Safety will post -0.05 earnings per share 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.