Shares of Performance Sports Group Ltd. (NYSE:PSG) (TSE:PSG) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are covering the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $5.53.

A number of research firms have commented on PSG. Royal Bank Of Canada downgraded Performance Sports Group from a “sector perform” rating to an “underperform” rating in a report on Monday, August 22nd. Zacks Investment Research raised Performance Sports Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 10th. Wedbush downgraded Performance Sports Group from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $5.00 to $2.50 in a report on Tuesday, August 16th. DA Davidson downgraded Performance Sports Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $4.00 to $2.00 in a report on Tuesday, August 16th. Finally, RBC Capital Markets downgraded Performance Sports Group from a “sector perform” rating to an “underperform” rating in a report on Monday, August 22nd.

Performance Sports Group (NYSE:PSG) opened at 3.48 on Tuesday. The stock’s 50 day moving average is $3.83 and its 200 day moving average is $3.31. The firm’s market cap is $158.57 million. Performance Sports Group has a 12 month low of $1.18 and a 12 month high of $12.25.

In related news, major shareholder Brookfield Asset Management In acquired 971,050 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was purchased at an average price of $4.00 per share, for a total transaction of $3,884,200.00. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Performance Sports Group by 31.3% in the first quarter. BlackRock Inc. now owns 148,816 shares of the company’s stock valued at $473,000 after buying an additional 35,510 shares during the period. BlackRock Group LTD boosted its stake in Performance Sports Group by 14.7% in the first quarter. BlackRock Group LTD now owns 458,868 shares of the company’s stock valued at $1,459,000 after buying an additional 58,675 shares during the period. Kennedy Capital Management Inc. boosted its stake in Performance Sports Group by 97.4% in the first quarter. Kennedy Capital Management Inc. now owns 492,209 shares of the company’s stock valued at $1,565,000 after buying an additional 242,831 shares during the period. A.R.T. Advisors LLC acquired a new stake in Performance Sports Group during the first quarter valued at approximately $535,000. Finally, LMR Partners LLP acquired a new stake in Performance Sports Group during the second quarter valued at approximately $199,000. Institutional investors own 76.25% of the company’s stock.

About Performance Sports Group

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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