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

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 reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$9.27.

BLN has been the topic of several research analyst reports. Ventum Financial downgraded Blackline Safety from a “buy” rating to a “tender” rating and raised their price objective for the stock from C$8.25 to C$9.00 in a research note on Thursday, April 9th. TD downgraded 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. Royal Bank Of Canada downgraded Blackline Safety from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$9.00 to C$9.25 in a research note on Friday, May 22nd. Finally, Raymond James Financial downgraded Blackline Safety from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$10.00 to C$9.38 in a research note on Friday, April 10th.

Blackline Safety Stock Performance

BLN stock opened at C$9.04 on Friday. The business’s fifty day moving average is C$8.98 and its 200-day moving average is C$7.58. 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$790.44 million, a P/E ratio of -82.18 and a beta of 0.99. Blackline Safety has a twelve month low of C$5.90 and a twelve month high of C$9.25.

Blackline Safety (TSE:BLN) last posted its quarterly earnings results on Wednesday, June 10th. The company reported C($0.04) earnings per share 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%. Equities research analysts forecast that Blackline Safety will post -0.05 EPS for the current 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.