Brokerage Firm Rating Update on Performance Sports Group Ltd (PSG)

Performance Sports Group Ltd (PSG) : The consensus on Performance Sports Group Ltd (PSG) based on 8 analyst recommendation on the company stock is 2.75, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Performance Sports Group Ltd (PSG) : The consensus price target for Performance Sports Group Ltd (PSG) is $3.31 for the short term with a standard deviation of $0.88. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $5, however, the pessimist price target for the company is $2.


Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm RBC Capital downgrades its rating on Performance Sports Group Ltd (NYSE:PSG). The shares have been rated Underperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by the firm was issued on August 22, 2016.

Performance Sports Group Ltd (NYSE:PSG): The stock opened at $3.26 and touched an intraday high of $3.36 on Wednesday. During the day, the stock corrected to an intraday low of $3.21, however, the bulls stepped in and pushed the price higher to close in the green at $3.31 with a gain of 2.80% for the day. The total traded volume for the day was 887,778. The stock had closed at $3.22 in the previous trading session.

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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