Performance Sports Group Receives Consensus Rating of “Buy” from Brokerages (NYSE:PSG)
Performance Sports Group (NYSE:PSG) has received an average recommendation of “Buy” from the eight brokerages that are presently covering the company, Analyst Ratings Net reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $20.13.
Performance Sports Group (NYSE:PSG) traded up 0.06% on Friday, hitting $16.69. 67,045 shares of the company’s stock traded hands. Performance Sports Group has a 1-year low of $15.663 and a 1-year high of $17.39. The stock’s 50-day moving average is $16.56 and its 200-day moving average is $14.20. The company has a market cap of $596.4 million and a P/E ratio of 23.83. Performance Sports Group also was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 64,538 shares, a decrease of 97.3% from the July 15th total of 2,410,915 shares. Based on an average daily trading volume, of 93,577 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.
A number of analysts have recently weighed in on PSG shares. Analysts at National Bank Financial raised their price target on shares of Performance Sports Group from C$18.00 to C$20.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Performance Sports Group from C$18.50 to C$19.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at CIBC reiterated a “sector perform” rating on shares of Performance Sports Group in a research note on Thursday. They now have a $18.00 price target on the stock, up previously from $17.00.
Performance Sports Group Ltd, formerly Bauer Performance Sports Ltd., designs, develops, manufactures and sells performance sports equipment and accessories for ice hockey, roller hockey, lacrosse, baseball and softball, as well as related apparel, including soccer apparel.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.