Performance Sports Group Ltd. (NYSE:PSG) has been assigned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $5.53.

PSG has been the subject of a number of recent research reports. DA Davidson cut Performance Sports Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $4.00 to $2.00 in a research report on Tuesday, August 16th. Zacks Investment Research raised Performance Sports Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Royal Bank Of Canada cut Performance Sports Group from a “sector perform” rating to an “underperform” rating in a research report on Monday, August 22nd. Bank of America Corp. reaffirmed a “hold” rating on shares of Performance Sports Group in a research report on Wednesday, August 17th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Performance Sports Group in a research report on Tuesday, July 12th.

Shares of Performance Sports Group (NYSE:PSG) traded up 15.88% during trading on Tuesday, reaching $4.16. The company had a trading volume of 412,890 shares. Performance Sports Group has a 12 month low of $1.18 and a 12 month high of $13.70. The firm’s market capitalization is $189.55 million. The firm’s 50 day moving average price is $3.33 and its 200 day moving average price is $3.23.

In other news, major shareholder Brookfield Asset Management In acquired 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average cost of $3.65 per share, with a total value of $547,500.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Large investors have recently made changes to their positions in the stock. First Allied Advisory Services Inc. boosted its stake in shares of Performance Sports Group by 75.1% in the second quarter. First Allied Advisory Services Inc. now owns 42,500 shares of the company’s stock worth $124,000 after buying an additional 18,227 shares during the period. Geode Capital Management LLC boosted its stake in shares of Performance Sports Group by 44.6% in the first quarter. Geode Capital Management LLC now owns 66,925 shares of the company’s stock worth $213,000 after buying an additional 20,634 shares during the period. Toronto Dominion Bank boosted its stake in shares of Performance Sports Group by 275.0% in the second quarter. Toronto Dominion Bank now owns 35,585 shares of the company’s stock worth $107,000 after buying an additional 26,096 shares during the period. Forward Management LLC boosted its stake in shares of Performance Sports Group by 92.7% in the first quarter. Forward Management LLC now owns 61,449 shares of the company’s stock worth $195,000 after buying an additional 29,559 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Performance Sports Group by 31.3% in the first quarter. BlackRock Inc. now owns 148,816 shares of the company’s stock worth $473,000 after buying an additional 35,510 shares during the period. Hedge funds and other institutional investors own 77.70% of the company’s stock.

Performance Sports Group Company Profile

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’s segments include Hockey, Baseball/Softball and Other Sports.

5 Day Chart for NYSE:PSG

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