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

Blackline Safety Corp. (TSE:BLN) has received a consensus rating of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$9.27.

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

Blackline Safety Stock Performance

BLN opened at C$9.05 on Wednesday. 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 company has a market cap of C$791.31 million, a P/E ratio of -82.27 and a beta of 0.95. The firm’s 50-day moving average price is C$9.02 and its 200-day moving average price is C$7.86.

Blackline Safety (TSE:BLN) last announced its quarterly earnings data on Wednesday, June 10th. The company reported C($0.04) EPS for the quarter. The company had revenue of C$44.29 million during the quarter. Blackline Safety had a negative net margin of 6.11% and a negative return on equity of 13.09%. As a group, equities 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.