Blackline Safety Corp. (TSE:BLN) Receives C$9.27 Consensus Target Price from Analysts

Shares of Blackline Safety Corp. (TSE:BLN) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$9.27.

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

Blackline Safety Price Performance

Shares of BLN stock opened at C$9.07 on Friday. The stock’s fifty day moving average is C$8.99 and its 200-day moving average is C$7.62. The company has a debt-to-equity ratio of 17.76, a quick ratio of 3.09 and a current ratio of 1.89. The stock has a market capitalization of C$793.06 million, a PE ratio of -82.45 and a beta of 0.99. Blackline Safety has a 52 week low of C$5.90 and a 52 week high of C$9.25.

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