Performance Sports Group Ltd (TSE:PSG) – Stock analysts at Scotiabank dropped their FY2016 earnings per share estimates for shares of Performance Sports Group in a research report issued on Thursday, Zacks Investment Research reports. Scotiabank analyst G. Doumet now forecasts that the brokerage will post earnings per share of $0.92 for the year, down from their prior forecast of $0.94. Scotiabank currently has a “Sector Perform” rating and a $11.50 price objective on the stock. The consensus estimate for Performance Sports Group’s FY2016 earnings is $0.58 per share.
Several other equities research analysts have also recently weighed in on PSG. RBC Capital reissued an “outperform” rating and set a C$12.50 price target (down previously from C$15.00) on shares of Performance Sports Group in a research report on Thursday, January 14th. CIBC dropped their price target on shares of Performance Sports Group from C$15.50 to C$11.50 in a research report on Friday, January 15th. Finally, Roth Capital dropped their target price on shares of Performance Sports Group from C$18.00 to C$14.00 and set a “buy” rating for the company in a research report on Monday, December 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$15.06.
Performance Sports Group (TSE:PSG) opened at 10.00 on Monday. The company’s 50-day moving average is $11.80 and its 200 day moving average is $16.14. The stock’s market capitalization is $455.66 million. Performance Sports Group has a 12-month low of $7.84 and a 12-month high of $25.99.
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. 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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