Performance Sports Group (PSG) – Research Analysts’ Weekly Ratings Changes
Performance Sports Group (NYSE: PSG) received a number of ratings updates from brokerages and research firms in the last week:
- Performance Sports Group had its “sector perform” rating reaffirmed by analysts at CIBC. They now have a $18.00 price target on the stock, up previously from $17.00.
- Performance Sports Group had its price target raised by analysts at Scotiabank from C$18.50 to C$19.00. They now have an “outperform” rating on the stock.
- Performance Sports Group had its price target raised by analysts at National Bank Financial from C$18.00 to C$20.00. They now have an “outperform” rating on the stock.
- Performance Sports Group is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $21.00 price target on the stock.
Shares of Performance Sports Group Ltd (NYSE:PSG) opened at 17.02 on Tuesday. Performance Sports Group Ltd has a 1-year low of $15.663 and a 1-year high of $17.39. The stock has a 50-day moving average of $16.55 and a 200-day moving average of $14.32. The company has a market cap of $747.7 million and a P/E ratio of 31.06. Performance Sports Group also saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 64,538 shares, a drop of 97.3% from the July 15th total of 2,410,915 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 93,577 shares, the days-to-cover ratio is currently 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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