Blackline Safety (CVE:BLN) Lowered to Hold Rating by Royal Bank Of Canada

Royal Bank Of Canada cut shares of Blackline Safety (CVE:BLN) from a moderate buy rating to a hold rating in a report released on Thursday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Raymond James Financial lowered shares of Blackline Safety from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 9th. TD Securities downgraded Blackline Safety from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Blackline Safety Stock Down 0.3%

Shares of Blackline Safety stock opened at C$8.92 on Thursday. The stock’s fifty day simple moving average is C$8.92 and its 200 day simple moving average is C$8.92. Blackline Safety has a 12 month low of C$4.60 and a 12 month high of C$9.09.