Today ROTH Capital Sticks With a “Buy” Rating on Performance Sports (TSE:PSG) and a $14 Target Price


Performance Sports (TSE:PSG) Rating Reaffirmed

Toronto: In a recent research report sent to investors on 21 December, ROTH Capital has decided to restate their “Buy” rating on Performance Sports (TSE:PSG) shares. They now have a $14 price target on the company. ROTH Capital’s target would now indicate a potential upside of 2.71% from the company’s price per share.

From a total of 9 analysts covering Performance Sports Group (TSE:PSG) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $18.14 while the lowest target price is $11.25. The mean of all analyst targets is $14.05 with a 23.18% above today’s ($13.63) stock price. Performance Sports Group was the topic of 11 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 15 with “Outperform” rating. TH Capital maintained PSG stock in a recent report from August 25 with “Buy” rating.

The stock decreased 0.37% or $0.05 on December 18, striking $13.63. Approximately 137,547 shares of stock traded hands or 9.00% up from the average. Performance Sports Group Ltd (TSE:PSG) has declined 45.13% since May 18, 2015 and is downtrending. It has underperformed by 39.32% the S&P500.

Today ROTH Capital Sticks With a

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 $639.11 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.

According to Zacks Investment Research, “Performance Sports Group Ltd. designs, manufactures and markets ice hockey, roller hockey, lacrosse, baseball and softball sports equipment, as well as related apparel. Its products are marketed under the BAUER, MISSION, MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names. The ice hockey products include skates, skate blades, protective gear, sticks, team apparel and accessories. The roller hockey products include skates, protective gear and accessories. The company distributes its products primarily to specialty retail stores, and sporting goods and national retail chains in the United States, Canada, and Europe, as well as directly to sports teams. Performance Sports Group Ltd. is headquartered in Exeter, New Hampshire.”