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

Blackline Safety Corp. (TSE:BLN) has received a consensus rating of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$9.23.

Several research analysts recently weighed in on BLN shares. Ventum Financial lowered Blackline Safety from a “buy” rating to a “tender” rating and upped their price target for the company from C$8.25 to C$9.00 in a research report on Thursday, April 9th. TD lowered Blackline Safety from a “hold” rating to a “sell” rating and upped their price target for the company from C$8.00 to C$9.00 in a research report on Monday, April 13th. Finally, Raymond James Financial lowered Blackline Safety from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$10.00 to C$9.38 in a research report on Friday, April 10th.

Blackline Safety Stock Performance

Shares of TSE BLN opened at C$8.98 on Friday. Blackline Safety has a 12 month low of C$5.90 and a 12 month high of C$9.06. The company has a market cap of C$781.47 million, a price-to-earnings ratio of -74.83 and a beta of 0.87. The company has a quick ratio of 3.09, a current ratio of 2.02 and a debt-to-equity ratio of 17.78. The business has a fifty day simple moving average of C$7.99 and a 200-day simple moving average of C$7.15.

Blackline Safety (TSE:BLN) last posted its quarterly earnings results on Thursday, March 12th. The company reported C($0.03) earnings per share for the quarter. The business 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%. Sell-side analysts predict 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.