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Gates Industrial Corp

GTESNYSE
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$17.44
00.00%
Pre-Market: 4:00 PM EDT
15 minutes delayed
Consensus Rating1
Outperform
Highest Price Target1
$22.00
Lowest Price Target1
$13.00
Consensus Price Target1
$18.50

Gates Industrial Corp (NYSE:GTES) Stock, Analyst Ratings, Price Targets, Forecasts

Gates Industrial Corp PLC has a consensus price target of $18.5 based on the ratings of 14 analysts. The high is $22 issued by RBC Capital on August 19, 2024. The low is $13 issued by Keybanc on October 14, 2022. The 3 most-recent analyst ratings were released by Morgan Stanley, RBC Capital, and Evercore ISI Group on September 6, 2024, August 19, 2024, and August 19, 2024, respectively. With an average price target of $19 between Morgan Stanley, RBC Capital, and Evercore ISI Group, there's an implied 8.94% upside for Gates Industrial Corp PLC from these most-recent analyst ratings.

Analyst Trends and Forecast
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Apr
1
May
1
Jun
2
1
Aug
1
Sep
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.9
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Morgan Stanley
RBC Capital
Evercore ISI Group
Baird
Goldman Sachs

1calculated from analyst ratings

Analyst Ratings for Gates Industrial Corp

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FAQ

Q

What is the target price for Gates Industrial Corp (GTES) stock?

A

The latest price target for Gates Industrial Corp (NYSE:GTES) was reported by Morgan Stanley on September 6, 2024. The analyst firm set a price target for $19.00 expecting GTES to rise to within 12 months (a possible 8.94% upside). 17 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Gates Industrial Corp (GTES)?

A

The latest analyst rating for Gates Industrial Corp (NYSE:GTES) was provided by Morgan Stanley, and Gates Industrial Corp initiated their equal-weight rating.

Q

When was the last upgrade for Gates Industrial Corp (GTES)?

A

The last upgrade for Gates Industrial Corp PLC happened on August 19, 2024 when RBC Capital raised their price target to $22. RBC Capital previously had a sector perform for Gates Industrial Corp PLC.

Q

When was the last downgrade for Gates Industrial Corp (GTES)?

A

The last downgrade for Gates Industrial Corp PLC happened on June 20, 2023 when Goldman Sachs changed their price target from $15.5 to $14.5 for Gates Industrial Corp PLC.

Q

When is the next analyst rating going to be posted or updated for Gates Industrial Corp (GTES)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Gates Industrial Corp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Gates Industrial Corp was filed on September 6, 2024 so you should expect the next rating to be made available sometime around September 6, 2025.

Q

Is the Analyst Rating Gates Industrial Corp (GTES) correct?

A

While ratings are subjective and will change, the latest Gates Industrial Corp (GTES) rating was a initiated with a price target of $0.00 to $19.00. The current price Gates Industrial Corp (GTES) is trading at is $17.44, which is within the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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