Analysts Set Blackline Safety Corp. (TSE:BLN) Target Price at C$9.23

Shares of Blackline Safety Corp. (TSE:BLN) have been given an average rating of “Hold” by the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$9.23.

A number of brokerages recently issued reports on BLN. TD downgraded Blackline Safety from a “hold” rating to a “sell” rating and boosted their price objective for the company from C$8.00 to C$9.00 in a research note on Monday. Raymond James Financial downgraded Blackline Safety from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$10.00 to C$9.38 in a research note on Friday, April 10th. Royal Bank Of Canada set a C$9.00 price objective on Blackline Safety and gave the company an “outperform” rating in a research note on Thursday, December 18th. Finally, Ventum Financial downgraded Blackline Safety from a “buy” rating to a “tender” rating and boosted their price objective for the company from C$8.25 to C$9.00 in a research note on Thursday, April 9th.

Blackline Safety Price Performance

TSE BLN opened at C$8.91 on Monday. The company has a 50-day moving average price of C$7.03 and a 200-day moving average price of C$6.92. The firm has a market capitalization of C$775.37 million, a P/E ratio of -74.25 and a beta of 0.82. The company has a quick ratio of 3.09, a current ratio of 2.02 and a debt-to-equity ratio of 17.78. Blackline Safety has a 52 week low of C$5.90 and a 52 week high of C$9.00.

Blackline Safety (TSE:BLN) last announced its quarterly earnings data on Thursday, March 12th. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$38.85 million for the quarter. Blackline Safety had a negative net margin of 6.83% and a negative return on equity of 13.41%. Equities research analysts anticipate that Blackline Safety will post -0.05 earnings per share for the current year.

Blackline Safety Company Profile

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.