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Performance Sports Group (NYSE:PSG) shares saw unusually-strong trading volume on Friday after National Bank Financial raised their price target on the stock from C$18.00 to C$20.00, Analyst Ratings Network reports. National Bank Financial currently has an outperform rating on the stock. Approximately 104,320 shares were traded during mid-day trading, an increase of 41% from the previous session’s volume of 74,001 shares.The stock last traded at $16.70 and had previously closed at $16.68.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at RBC Capital raised their price target on shares of Performance Sports Group from $16.50 to $20.00 in a research note on Wednesday, July 16th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.13.

The stock has a 50-day moving average of $16.56 and a 200-day moving average of $14.20. The company has a market cap of $594.9 million and a price-to-earnings ratio of 23.83. Performance Sports Group also was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 64,538 shares, a decline of 97.3% from the July 15th total of 2,410,915 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 93,577 shares, the short-interest ratio is presently 0.7 days.

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.

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