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

Blackline Safety Corp. (TSE:BLN) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$9.27.

A number of research analysts have commented on BLN shares. TD cut shares of Blackline Safety from a “hold” rating to a “sell” rating and upped their target price for the company from C$8.00 to C$9.00 in a research report on Monday, April 13th. Raymond James Financial downgraded shares of Blackline Safety from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$10.00 to C$9.38 in a research note on Friday, April 10th. Ventum Financial lowered shares of Blackline Safety from a “buy” rating to a “tender” rating and upped their price objective for the stock from C$8.25 to C$9.00 in a report on Thursday, April 9th. Finally, Royal Bank Of Canada lowered shares of Blackline Safety from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$9.00 to C$9.25 in a report on Friday, May 22nd.

Blackline Safety Price Performance

TSE:BLN opened at C$9.05 on Wednesday. Blackline Safety has a 52 week low of C$5.90 and a 52 week high of C$9.25. The stock’s fifty day moving average is C$9.03 and its two-hundred day moving average is C$7.95. The company has a market capitalization of C$791.31 million, a P/E ratio of -82.27 and a beta of 0.95. The company has a quick ratio of 3.09, a current ratio of 1.89 and a debt-to-equity ratio of 17.76.

Blackline Safety (TSE:BLN) last released its quarterly earnings results on Wednesday, June 10th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$44.29 million for the quarter. Blackline Safety had a negative return on equity of 13.09% and a negative net margin of 6.11%. Equities analysts expect 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.