Blackline Safety Corp. (TSE:BLN) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Consensus "Hold": Five brokerages give Blackline Safety an average rating of Hold (1 sell, 2 hold, 2 buy) with a mean 1-year target price of C$9.23.
• Trading snapshot: shares were flat at C$8.92 mid-day on heavy volume (1.42M vs. average 181.6k) and sit near a 52‑week range of C$5.90–C$9.00.
• Weak profitability: the company reported quarterly EPS of C($0.03), a negative net margin (6.83%) and negative ROE (13.41%), with analysts forecasting about -0.05 EPS for the fiscal year.

Blackline Safety Corp. (TSE:BLN - Get Free Report) has been assigned an average rating of "Hold" from the five brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$9.23.

Several research analysts have issued reports on the stock. Ventum Financial lowered shares of Blackline Safety from a "buy" rating to a "tender" rating and lifted their price target for the stock from C$8.25 to C$9.00 in a research report on Thursday. TD lowered 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. Raymond James Financial lowered shares of Blackline Safety from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from C$10.00 to C$9.38 in a research report on Friday. Finally, Royal Bank Of Canada set a C$9.00 price target on shares of Blackline Safety and gave the stock an "outperform" rating in a research report on Thursday, December 18th.

Blackline Safety Price Performance

Shares of TSE BLN remained flat at C$8.92 during mid-day trading on Monday. 1,421,031 shares of the company were exchanged, compared to its average volume of 181,578. Blackline Safety has a fifty-two week low of C$5.90 and a fifty-two week high of C$9.00. The company has a debt-to-equity ratio of 17.78, a quick ratio of 3.09 and a current ratio of 2.02. The firm has a market capitalization of C$776.25 million, a price-to-earnings ratio of -74.33 and a beta of 0.82. The company has a fifty day moving average of C$6.87 and a two-hundred day moving average of C$6.88.

Blackline Safety (TSE:BLN - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported C($0.03) EPS for the quarter. Blackline Safety had a negative net margin of 6.83% and a negative return on equity of 13.41%. The company had revenue of C$38.85 million for the quarter. As a group, analysts predict that Blackline Safety will post -0.05 EPS for the current fiscal 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.

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