Citigroup analyst Andrew Kaplowitz maintained a Buy rating on Gates Industrial Corp Plc (NYSE: GTES) today and set a price target of $22. The company’s shares opened today at $15.59.
According to TipRanks.com, Kaplowitz is a 1-star analyst with an average return of -3.1% and a 40.0% success rate. Kaplowitz covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Honeywell International, and Circor International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gates Industrial Corp Plc with a $20.50 average price target, which is a 31.5% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a $19 price target.
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Gates Industrial Corp Plc’s market cap is currently $4.48B and has a P/E ratio of 18.67. The company has a Price to Book ratio of 2.41.
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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.
