Blackline Safety Corp. (TSE:BLN) Receives C$9.27 Average Target Price from Brokerages

Shares of Blackline Safety Corp. (TSE:BLN) have received an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$9.27.

Separately, Royal Bank Of Canada downgraded shares of Blackline Safety from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$9.00 to C$9.25 in a research report on Friday, May 22nd.

Blackline Safety Price Performance

BLN opened at C$9.05 on Friday. The company’s 50-day simple moving average is C$9.05 and its two-hundred day simple moving average is C$8.26. The company has a debt-to-equity ratio of 17.76, a quick ratio of 3.09 and a current ratio of 1.89. The stock has a market capitalization of C$791.31 million, a P/E ratio of -82.27 and a beta of 0.95. Blackline Safety has a 52-week low of C$5.90 and a 52-week high of C$9.25.

Blackline Safety (TSE:BLN) last released its quarterly earnings data 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 for the quarter. Blackline Safety had a negative net margin of 6.11% and a negative return on equity of 13.09%. As a group, analysts predict 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.