On May 1, 2025, Gates Industrial Corp (GTES, Financial) received significant attention as RBC Capital, led by analyst Deane Dray, maintained its "Outperform" rating on the stock. This rating indicates a positive outlook for the company's future performance.
In addition to maintaining the current rating, RBC Capital raised its price target for GTES from $22.00 to $23.00. This adjustment reflects an increase of 4.55% in the price target, signaling growing confidence in the stock's potential.
The price target adjustment and maintained rating underscore the analyst's optimistic perspective on Gates Industrial Corp's market position and future potential. Investors are advised to consider this information as part of their decision-making process regarding GTES.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Gates Industrial Corp PLC (GTES, Financial) is $23.09 with a high estimate of $27.00 and a low estimate of $20.00. The average target implies an upside of 20.52% from the current price of $19.16. More detailed estimate data can be found on the Gates Industrial Corp PLC (GTES) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Gates Industrial Corp PLC's (GTES, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Gates Industrial Corp PLC (GTES, Financial) in one year is $14.26, suggesting a downside of 25.57% from the current price of $19.16. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Gates Industrial Corp PLC (GTES) Summary page.
