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Performance Sports Group (NYSE:PSG) hit a new 52-week high during mid-day trading on Wednesday , Analyst Ratings News reports. The company traded as high as $17.73 and last traded at $17.50, with a volume of 42,177 shares traded. The stock had previously closed at $17.22.

A number of analysts have recently weighed in on PSG shares. Analysts at Morgan Stanley initiated coverage on shares of Performance Sports Group in a research note on Tuesday, August 19th. They set an “overweight” rating and a $21.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Performance Sports Group presently has a consensus rating of “Buy” and a consensus target price of $20.22.

The stock’s 50-day moving average is $16.61 and its 200-day moving average is $14.72. The company has a market cap of $766.6 million and a P/E ratio of 31.89.

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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