Performance Sports Group Given Average Rating of “Buy” by Brokerages (NYSE:PSG)
Shares of Performance Sports Group (NYSE:PSG) have received a consensus rating of “Buy” from the eight brokerages that are currently covering the company, Analyst RN reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $20.13.
Performance Sports Group (NYSE:PSG) opened at 17.02 on Friday. Performance Sports Group has a one year low of $15.663 and a one year high of $17.39. The stock’s 50-day moving average is $16.55 and its 200-day moving average is $14.32. The company has a market cap of $747.7 million and a P/E ratio of 31.06. Performance Sports Group also was the recipient of a significant decrease in short interest during 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 company’s shares are sold short.
Several analysts have recently commented on the stock. 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, August 14th. 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, August 14th. 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, August 14th. 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.
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