Analysts who follow Gates Industrial Corporation PLC (GTES) on average expect it to decline -5.92% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns GTES an Analyst Ranking of 48, which means it ranks higher than 48 of stocks, based on data compiled by InvestorsObserver.
Wall Street analysts are rating GTES a Strong Buy today. Find out what this means to you and get the rest of the rankings on GTES!
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Gates Industrial Corporation PLC Stock Today?
Gates Industrial Corporation PLC (GTES) stock is higher by 1.9% while the S&P 500 is lower by -0.01% as of 2:38 PM on Wednesday, Mar 13. GTES is higher by $0.33 from the previous closing price of $17.09 on volume of 5,044,664 shares. Over the past year the S&P 500 is up 32.04% while GTES is higher by 27.90%. GTES earned $0.85 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.54.
Click Here to get the full Stock Report for Gates Industrial Corporation PLC stock.
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