Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gates Industrial Corporation plc shares valued at $1,173,600 were purchased by Eliasson Fredrik J on Mar 07 ’25. At $19.56 per share, Eliasson Fredrik J acquired 60,000 shares. The insider’s holdings grew to 188,452 shares worth approximately $4.26 million following the completion of this transaction.
Also, BX Gates ML-5 Holdco LLC purchased 14,865 shares, netting a total of over 317,962 in proceeds.
Before that, BX Gates ML-4 Holdco LLC had added 64,602 shares to its account. In a trade valued at $1,381,837, the insider bought Gates Industrial Corporation plc shares for $21.39 each.
As published in a research note from Barclays on December 05, 2024, Gates Industrial Corporation plc [GTES] has been rated up from an Equal weight to an Overweight and the price target has been revised to $25 from $21. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early September. As of August 19, 2024, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for GTES. Earlier on March 08, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for GTES stock which previously was a “a Peer perform”.
Analyzing GTES Stock Performance
On last trading session,, Gates Industrial Corporation plc [NYSE: GTES] plunged -1.09% to $22.6. The stock’s lowest price that day was $22.45, but it reached a high of $22.97 in the same session. During the last five days, there has been a surge of approximately 4.05%. Over the course of the year, Gates Industrial Corporation plc shares have jumped approximately 39.77%. Shares of the company reached a 52-week high of $23.85 on 02/19/25 and a 52-week low of $14.70 on 04/07/25.
Support And Resistance Levels for Gates Industrial Corporation plc (GTES)
According to the 24-hour chart, there is a support level at 22.38, which, if violated, would cause prices to drop to 22.15. In the upper region, resistance lies at 22.90. The next price resistance is at 23.19. RSI (Relative Strength Index) is 63.12 on the 14-day chart, showing neutral technical sentiment.
Is Gates Industrial Corporation plc subject to short interest?
Stocks of Gates Industrial Corporation plc saw a sharp steep in short interest on 2025-05-30 dropping by -0.42 million shares to 5.91 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 6.33 million shares. A decline of -7.06% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.86 of the overall float, the days-to-cover ratio (short ratio) decline to 2.86.
Which companies own the most shares of Gates Industrial Corporation plc (GTES)?
In terms of Gates Industrial Corporation plc share price expectations, FactSet research, analysts set an average price target of 24 in the next 12 months, up nearly 5.03% from the previous closing price of $22.85. Analysts anticipate Gates Industrial Corporation plc stock to reach 25 by 2025, with the lowest price target being 23. In spite of this, 7 analysts ranked Gates Industrial Corporation plc stock as Hold at the end of 2025. On February 29, 2024, Jefferies assigned a price target of “a Buy” to the stock and initiated coverage with a $21.
