Analysts Update Their Price Forecasts For Gates Industrial Corporation plc (GTES)

Gates Industrial Corporation plc (GTES) concluded trading on Thursday at a closing price of $17.33, with 2.27 million shares of worth about $39.36 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.52% during that period and on October 10, 2024 the price saw a loss of about -0.57%. Currently the company’s common shares owned by public are about 264.26M shares, out of which, 257.68M shares are available for trading.

Stock saw a price change of 0.12% in past 5 days and over the past one month there was a price change of 3.83%. Year-to-date (YTD), GTES shares are showing a performance of 29.14% which increased to 51.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.68 but also hit the highest price of $19.07 during that period. The average intraday trading volume for Gates Industrial Corporation plc shares is 3.46 million. The stock is currently trading -0.90% below its 20-day simple moving average (SMA20), while that difference is up 0.53% for SMA50 and it goes to 7.20% higher than SMA200.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Gates Industrial Corporation plc (NYSE: GTES) currently have 264.26M outstanding shares and institutions hold larger chunk of about 78.15% of that.

The stock has a current market capitalization of $4.88B and its 3Y-monthly beta is at 1.40. PE ratio of stock for trailing 12 months is 18.33, while it has posted earnings per share of $0.95 in the same period. Its PEG reads 1.67 and has Quick Ratio of 2.20 while making debt-to-equity ratio of 0.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GTES, volatility over the week remained 1.68% while standing at 2.20% over the month.

Stock’s fiscal year EPS is expected to drop by -3.50% while it is estimated to increase by 18.53% in next year. EPS is likely to grow at an annualized rate of 11.00% for next 5-years, compared to annual growth of 0.10% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on September 06, 2024 offering an Equal-weight rating for the stock and assigned a target price of $19 to it. Coverage by RBC Capital Mkts stated Gates Industrial Corporation plc (GTES) stock as an Outperform in their note to investors on August 19, 2024, suggesting a price target of $22 for the stock. On March 08, 2024, Wolfe Research Upgrade their recommendations, while on February 29, 2024, Jefferies Initiated their ratings for the stock with a price target of $21. Stock get an Overweight rating from KeyBanc Capital Markets on February 22, 2024.

Most Popular

Related Posts