Blackline Safety (TSE:BLN) Cut to Sell at TD

TD downgraded shares of Blackline Safety (TSE:BLN) from a hold rating to a sell rating in a research note released on Monday,BayStreet.CA reports. TD currently has C$9.00 price target on the stock, up from their previous price target of C$8.00.

BLN has been the topic of several other reports. Raymond James Financial downgraded shares of Blackline Safety from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$10.00 to C$9.38 in a report on Friday, April 10th. Ventum Financial downgraded shares of Blackline Safety from a “buy” rating to a “tender” rating and increased their price objective for the company from C$8.25 to C$9.00 in a report on Thursday, April 9th. Finally, Royal Bank Of Canada set a C$9.00 price objective on shares of Blackline Safety and gave the company an “outperform” rating in a report on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Blackline Safety presently has an average rating of “Hold” and an average target price of C$9.23.

Blackline Safety Stock Down 0.2%

BLN stock opened at C$8.91 on Monday. The firm has a market cap of C$775.37 million, a PE ratio of -74.25 and a beta of 0.82. 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’s fifty day moving average is C$7.03 and its 200 day moving average is C$6.92. Blackline Safety has a one year low of C$5.90 and a one year high of C$9.00.

Blackline Safety (TSE:BLN) last released its quarterly earnings results on Thursday, March 12th. The company reported C($0.03) EPS for the quarter. The firm 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%. On average, research analysts forecast that Blackline Safety will post -0.05 EPS for the current 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.