Blackline Safety (CVE:BLN) Lowered to “Hold” Rating by Royal Bank Of Canada

Blackline Safety (CVE:BLN) was downgraded by research analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research analysts have also issued reports on BLN. Raymond James Financial lowered shares of Blackline Safety from a “moderate buy” rating to a “hold” rating in a research report on Thursday, April 9th. TD Securities lowered shares of Blackline Safety from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Blackline Safety Stock Down 0.3%

Shares of BLN opened at C$8.92 on Thursday. Blackline Safety has a 52 week low of C$4.60 and a 52 week high of C$9.09. The company has a 50-day simple moving average of C$8.92 and a 200-day simple moving average of C$8.92.