Gates Industrial Corporation PLC (GTES) Stock AnalysisGTESStock AnalysisGates Industrial Corporation PLC

Gates Industrial Corporation Ltd. is a manufacturer of engineered power transmission and fluid power solutions. The Company offers a portfolio of products to aftermarket channel customers, and to original equipment manufacturers (OEM) as specified components. Its products are used in applications across automotive aftermarkets, automotive OEM, diversified industrial, industrial off-highway, industrial on-highway, energy and resources, and personal mobility. Its segments include Power Transmission and Fluid Power. The Power Transmission segment includes elastomer drive belts and related components used to transfer power in a range of applications. The 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. It offers solutions across stationary hydraulics, mobile hydraulics, vehicle systems, and industrial applications. It operates in the Industrials sector (GENERAL INDUSTRIAL MACHINERY & EQUIPMENT industry).

Gates Industrial Corporation PLC currently trades at $25.87, which is below the average analyst price target of $34, suggesting potential upside. However, the RSI is at 33.57, indicating the stock is oversold and may not be the best time to buy. The company reported a strong earnings surge with net income of $170.9 million in Q2 2026, up from $56.5 million last year, and raised its guidance for 2026, which is positive. The main risk is the recent 20-day change of -7.54%, indicating a downward trend in the short term.

9 analysts cover GTES: 8 rate it Buy, 1 Hold and 0 Sell. The average price target is 27.25.