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

Shares of Blackline Safety Corp. (TSE:BLN) have received a consensus rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$9.23.

Several research firms have recently weighed in on BLN. TD downgraded shares of Blackline Safety from a “hold” rating to a “sell” rating and lifted their target price for the stock from C$8.00 to C$9.00 in a research report on Monday, April 13th. Ventum Financial downgraded shares of Blackline Safety from a “buy” rating to a “tender” rating and lifted their target price for the stock from C$8.25 to C$9.00 in a research report on Thursday, April 9th. Finally, Raymond James Financial downgraded shares of Blackline Safety from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$10.00 to C$9.38 in a research report on Friday, April 10th.

Blackline Safety Stock Performance

Blackline Safety stock opened at C$8.98 on Friday. The firm’s 50 day simple moving average is C$7.90 and its 200-day simple moving average is C$7.13. The company has a market cap of C$781.47 million, a P/E ratio of -74.83 and a beta of 0.87. The company has a debt-to-equity ratio of 17.78, a current ratio of 2.02 and a quick ratio of 3.09. Blackline Safety has a fifty-two week low of C$5.90 and a fifty-two week high of C$9.06.

Blackline Safety (TSE:BLN) last released its earnings results on Thursday, March 12th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$38.85 million during the quarter. Blackline Safety had a negative return on equity of 13.41% and a negative net margin of 6.83%. As a group, equities research analysts predict that Blackline Safety will post -0.05 EPS 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.