Analyst Price Target Update on Performance Sports Group Ltd (NYSE:PSG)

Performance Sports Group Ltd (NYSE:PSG): The mean short term price target for Performance Sports Group Ltd (NYSE:PSG) has been established at $4.18 per share. The higher price target estimate is at $6 and the lower price target estimate is expected at $3 according to 10 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.04

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Bank of America downgrades its outlook on Performance Sports Group Ltd (NYSE:PSG). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on March 28, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Performance Sports Group Ltd., Friedberg Daniel M., had purchased 80,000 shares in a transaction dated on May 11, 2016. The transaction was executed at $3.52 per share with total amount equaling $281,600.

Performance Sports Group Ltd (NYSE:PSG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.13 points or 4.13% at $3.02 with 847,523 shares getting traded. Post opening the session at $3.11, the shares hit an intraday low of $3.02 and an intraday high of $3.16 and the price was in this range throughout the day. The company has a market cap of $138 million and the number of outstanding shares have been calculated to be 45,566,680 shares. The 52-week high of Performance Sports Group Ltd (NYSE:PSG) is $20.105 and the 52-week low is $2.8.

Performance Sports Group Ltd. is engaged in the design, manufacture and distribution of performance sports equipment for ice hockey, roller hockey, baseball and softball, lacrosse, as well as related apparel and accessories, including soccer apparel. The Companys segments include Hockey, Baseball/Softball and Other Sports. The Hockey segment includes the Bauer and Mission brands. The Baseball/Softball segment includes the Easton and Combat brands. Its Other Sports includes the Lacrosse and Soccer operating segments, which includes the Maverik and Cascade brands for Lacrosse, and the Inaria brand for Soccer. The ice hockey products include skates, helmets, protective gear, sticks, team apparel and accessories. The roller hockey products include skates, helmets, protective gear, sticks and accessories. The baseball and softball products include bats, gloves, helmets, protective gear, apparel and accessories. The lacrosse products include sticks, helmets, protective gear and apparel.

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