Barclays Remains a Hold on Gates Industrial Corp Plc

In a report released yesterday, Julian Mitchell from Barclays maintained a Hold rating on Gates Industrial Corp Plc (NYSE: GTES), with a price target of $19. The company’s shares closed yesterday at $14.97, close to its 52-week low of $14.77.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 11.3% and a 67.2% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Emerson Electric Company, and United Technologies Corp.

Gates Industrial Corp Plc has an analyst consensus of Strong Buy, with a price target consensus of $22.11.

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The company has a one-year high of $20 and a one-year low of $14.77. Currently, Gates Industrial Corp Plc has an average volume of 558.1K.

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Gates Industrial Corp. Plc is a holding company, which engages in the manufacture of engineered power transmission and fluid solutions. It operates through the Power Transmission, and Fluid Power segments. The Power Transmission segment includes elastomer drive belts, and related components used to efficiently transfer motion in a broad range of applications.