Performance Sports Group Ltd Declines Again; Strong Momentum for Sellers

 Performance Sports Group Ltd Declines Again; Strong Momentum for Sellers

The stock of Performance Sports Group Ltd (TSE:PSG) is a huge mover today! About 74,739 shares traded hands. Performance Sports Group Ltd (TSE:PSG) has risen 8.50% since March 10, 2016 and is uptrending. It has outperformed by 2.89% the S&P500.
The move comes after 8 months negative chart setup for the $238.82M company. It was reported on Oct, 17 by Barchart.com. We have $4.60 PT which if reached, will make TSE:PSG worth $31.05M less.

Performance Sports Group Ltd (TSE:PSG) Ratings Coverage

Out of 8 analysts covering Performance Sports Group (TSE:PSG), 5 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 63% are positive. $25 is the highest target while $2 is the lowest. The $10.15 average target is 91.87% above today’s ($5.29) stock price. Performance Sports Group has been the topic of 25 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Oppenheimer initiated it with “Outperform” rating and $15.0 target price in Wednesday, December 30 report. The stock has “Neutral” rating given by Wedbush on Friday, January 15. The stock of Performance Sports Group Ltd (TSE:PSG) earned “Underperform” rating by RBC Capital Markets on Monday, August 22. Wedbush maintained the shares of PSG in a report on Monday, January 18 with “Neutral” rating. The rating was maintained by RBC Capital Markets on Thursday, January 14 with “Outperform”. The company was maintained on Monday, January 18 by Oppenheimer. Oppenheimer maintained Performance Sports Group Ltd (TSE:PSG) rating on Friday, January 15. Oppenheimer has “Outperform” rating and $13.0 price target. The rating was maintained by Wunderlich on Thursday, January 14 with “Buy”. The firm has “Buy” rating given on Thursday, August 27 by Wunderlich. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, October 15 report.

More news for Performance Sports Group Ltd (TSE:PSG) were recently published by: Bloomberg.com, which released: “Brookfield Said to Weigh Bid for Troubled Performance Sports” on October 11, 2016. Wsj.com‘s article titled: “Performance Sports Group Cuts Guidance, Names CEO” and published on June 08, 2016 is yet another important article.

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 company has a market cap of $238.82 million. The Company’s divisions include Hockey, Baseball/Softball and Other Sports. It currently has negative earnings. The Hockey segment includes the Bauer and Mission brands.

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