Analysts Set Blackline Safety Corp. (TSE:BLN) Target Price at C$9.27

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

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

Blackline Safety Stock Performance

BLN stock opened at C$9.05 on Wednesday. The stock’s 50 day simple moving average is C$9.03 and its 200 day simple moving average is C$7.91. The company has a current ratio of 1.89, a quick ratio of 3.09 and a debt-to-equity ratio of 17.76. Blackline Safety has a 12-month low of C$5.90 and a 12-month high of C$9.25. The stock has a market capitalization of C$791.31 million, a PE ratio of -82.27 and a beta of 0.95.

Blackline Safety (TSE:BLN) last posted its earnings results on Wednesday, June 10th. The company reported C($0.04) EPS for the quarter. Blackline Safety had a negative return on equity of 13.09% and a negative net margin of 6.11%.The business had revenue of C$44.29 million during the quarter. As a group, research analysts forecast that Blackline Safety will post -0.05 earnings per share for the current fiscal 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.