Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, or other accessories; and metal drive components and kits for stationary and mobile drives, engine systems, personal mobility, and vertical lifts application platforms. It also provides fluid power products comprising hydraulic hoses, tubing, and fittings, as well as assemblies; and engine and industrial hoses for use in stationary hydraulics, mobile hydraulics, engine systems, and other industrial applications. The company serves various end markets, including construction, agriculture, energy, automotive, transportation, general industrial, consumer products, and others. It sells its engineered products under the Gates brand. The company offers its products to replacement channel customers, as well as to original equipment manufacturers as specified components. Gates Industrial Corporation plc was founded in 1911 and is headquartered in Denver, Colorado.
IPO Year: 2018
Exchange: NYSE
Website: gates.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/5/2024 | $21.00 → $25.00 | Equal Weight → Overweight | Barclays |
| 9/6/2024 | $19.00 | Equal-Weight | Morgan Stanley |
| 8/19/2024 | $20.00 → $22.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 3/8/2024 | $20.00 | Peer Perform → Outperform | Wolfe Research |
| 2/29/2024 | $21.00 | Buy | Jefferies |
| 2/22/2024 | $18.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 6/20/2023 | $14.50 | Buy → Neutral | Goldman |
| 2/10/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/11/2022 | $15.00 → $13.50 | Outperform → In-line | Evercore ISI |
| 6/1/2022 | $17.00 → $14.00 | Outperform → Sector Perform | RBC Capital Mkts |
Barclays upgraded Gates Industrial from Equal Weight to Overweight and set a new price target of $25.00 from $21.00 previously
Morgan Stanley initiated coverage of Gates Industrial with a rating of Equal-Weight and set a new price target of $19.00
RBC Capital Mkts upgraded Gates Industrial from Sector Perform to Outperform and set a new price target of $22.00 from $20.00 previously
Wolfe Research upgraded Gates Industrial from Peer Perform to Outperform and set a new price target of $20.00
Jefferies initiated coverage of Gates Industrial with a rating of Buy and set a new price target of $21.00
KeyBanc Capital Markets upgraded Gates Industrial from Sector Weight to Overweight and set a new price target of $18.00
Goldman downgraded Gates Industrial from Buy to Neutral and set a new price target of $14.50
KeyBanc Capital Markets downgraded Gates Industrial from Overweight to Sector Weight
Evercore ISI downgraded Gates Industrial from Outperform to In-line and set a new price target of $13.50 from $15.00 previously
RBC Capital Mkts downgraded Gates Industrial from Outperform to Sector Perform and set a new price target of $14.00 from $17.00 previously