Gates Industrial Corp Plc (GTES) Receives a Hold from Barclays


In a report released yesterday, Julian Mitchell from Barclays maintained a Hold rating on Gates Industrial Corp Plc (GTES), with a price target of $17. The company’s shares opened today at $13.33, close to its 52-week low of $12.20.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 12.4% and a 76.4% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Emerson Electric Company, and United Technologies Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gates Industrial Corp Plc with a $17.50 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $20.29 and a one-year low of $12.20. Currently, Gates Industrial Corp Plc has an average volume of 311K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gates Industrial Corp. Plc is a holding company, which engages in the manufacture of engineered power transmission and fluid solutions. It operates through the following segments: Power Transmission and Fluid Power.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts