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

Shares of Blackline Safety Corp. (TSE:BLN) have earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$9.27.

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

Blackline Safety Price Performance

Shares of TSE:BLN opened at C$9.00 on Tuesday. Blackline Safety has a fifty-two week low of C$5.90 and a fifty-two week high of C$9.06. The business has a 50-day simple moving average of C$8.47 and a two-hundred day simple moving average of C$7.32. 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 firm has a market cap of C$786.67 million, a price-to-earnings ratio of -75.00 and a beta of 0.87.

Blackline Safety (TSE:BLN) last issued its earnings results on Thursday, March 12th. The company reported C($0.03) earnings per share for the quarter. Blackline Safety had a negative return on equity of 13.41% and a negative net margin of 6.83%.The business had revenue of C$38.85 million during the quarter. On average, analysts expect that Blackline Safety will post -0.05 earnings per share 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.