Gates Industrial Corporation PLC's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 66/183 in the Machinery, Tools, Heavy Vehicles, Trains & Ships industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 28.00.In the medium term, the stock price is expected to trend down.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Gates Industrial Corporation PLC's Score
Industry at a Glance
Industry Ranking
66 / 183
Overall Ranking
158 / 4582
Industry
Machinery, Tools, Heavy Vehicles, Trains & Ships
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
12
analysts
Buy
Current Rating
28.000
Target Price
+29.57%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Gates Industrial Corporation PLC Highlights
StrengthsRisks
Gates Industrial Corporation plc is a global manufacturer of engineered power transmission and fluid power solutions. The Company offers a portfolio of products to diverse replacement channel customers, and to original equipment (first-fit) manufacturers as specified components. Its segments include Power Transmission and Fluid Power. Its Power Transmission segment includes elastomer drive belts and related components used to transfer power in a range of applications. Its power transmission solutions transfer power, convey materials, and provide motion control. Its Fluid Power segment includes hoses, tubing and fittings designed to convey hydraulic fluid at high pressures in both mobile and stationary applications, and other high-pressure and fluid transfer hoses. Its products play various roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries, such as agriculture, construction, manufacturing and energy, and others.
Fairly Valued
The company’s latest PE is 23.41, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 271.28M shares, decreasing 9.94% quarter-over-quarter.
Gates Industrial Corporation plc is a global manufacturer of engineered power transmission and fluid power solutions. The Company offers a portfolio of products to diverse replacement channel customers, and to original equipment (first-fit) manufacturers as specified components. Its segments include Power Transmission and Fluid Power. Its Power Transmission segment includes elastomer drive belts and related components used to transfer power in a range of applications. Its power transmission solutions transfer power, convey materials, and provide motion control. Its Fluid Power segment includes hoses, tubing and fittings designed to convey hydraulic fluid at high pressures in both mobile and stationary applications, and other high-pressure and fluid transfer hoses. Its products play various roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries, such as agriculture, construction, manufacturing and energy, and others.