Blackline Safety (CVE:BLN) Downgraded by TD Securities to Strong Sell

Blackline Safety (CVE:BLN) was downgraded by equities researchers at TD Securities from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other brokerages have also commented on BLN. Royal Bank Of Canada upgraded shares of Blackline Safety to a “moderate buy” rating in a report on Thursday, December 18th. Raymond James Financial downgraded shares of Blackline Safety from a “moderate buy” rating to a “hold” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Blackline Safety Stock Performance

Shares of CVE BLN opened at C$8.92 on Monday. Blackline Safety has a 12 month low of C$4.60 and a 12 month high of C$9.09. The firm has a fifty day simple moving average of C$8.92 and a two-hundred day simple moving average of C$8.92.