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

Blackline Safety (CVE:BLN) was downgraded by analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other brokerages also recently weighed in on BLN. TD Securities downgraded Blackline Safety from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Raymond James Financial cut Blackline Safety from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Blackline Safety Trading Down 0.3%

Shares of BLN stock opened at C$8.92 on Thursday. The business’s 50 day moving average is C$8.92 and its two-hundred day moving average is C$8.92. Blackline Safety has a twelve month low of C$4.60 and a twelve month high of C$9.09.