Gates Industrial Corporation plc – Consensus ‘buy’ rating and 34.3% Upside Potential

Broker Ratings
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Gates Industrial Corporation plc which can be found using ticker (GTES) have now 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between 19 and 14 calculating the average target price we see $16.06. Given that the stocks previous close was at $11.96 this now indicates there is a potential upside of 34.3%. There is a 50 day moving average of $13.28 and the 200 moving average now moves to $12.17. The market capitalization for the company is 3.37B. The current share price for the company is: 11.84 USD

The potential market cap would be $4,531,653,058 based on the market consensus.

USD

The company has a dividend yield of 2.42%. Other points of data to note are a P/E ratio of 15.79, revenue per share of 12.6 and a 3.69% return on assets.

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