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

Shares of Blackline Safety Corp. (TSE:BLN) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$9.23.

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

Blackline Safety Trading Up 0.2%

Shares of TSE:BLN opened at C$8.97 on Friday. The company has a current ratio of 2.02, a quick ratio of 3.09 and a debt-to-equity ratio of 17.78. The stock has a market capitalization of C$780.60 million, a PE ratio of -74.75 and a beta of 0.87. Blackline Safety has a 1 year low of C$5.90 and a 1 year high of C$9.06. The firm has a fifty day moving average price of C$7.76 and a 200 day moving average price of C$7.08.

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