Several brokerages have updated their recommendations and price targets on shares of Gates Industrial (NYSE: GTES) in the last few weeks:
- 8/3/2026 – Gates Industrial was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
- 8/3/2026 – Gates Industrial had its price target raised by Citigroup Inc. from $33.00 to $35.00. They now have a “buy” rating on the stock.
- 8/3/2026 – Gates Industrial had its price target raised by KeyCorp from $31.00 to $34.00. They now have an “overweight” rating on the stock.
- 8/3/2026 – Gates Industrial had its price target raised by JPMorgan Chase & Co. from $32.00 to $34.00. They now have an “overweight” rating on the stock.
- 8/3/2026 – Gates Industrial had its price target raised by Royal Bank Of Canada from $33.00 to $34.00. They now have an “outperform” rating on the stock.
- 8/3/2026 – Gates Industrial had its price target raised by Wells Fargo & Company from $26.00 to $30.00. They now have an “equal weight” rating on the stock.
- 8/3/2026 – Gates Industrial had its price target raised by Robert W. Baird from $37.00 to $39.00. They now have an “outperform” rating on the stock.
- 7/25/2026 – Gates Industrial was downgraded by Wall Street Zen from “buy” to “hold”.
- 7/16/2026 – Gates Industrial had its price target raised by Royal Bank Of Canada from $30.00 to $33.00. They now have an “outperform” rating on the stock.
- 7/9/2026 – Gates Industrial had its “outperform” rating reaffirmed by Wolfe Research. They now have a $33.00 price target on the stock.
- 6/29/2026 – Gates Industrial had its “hold (c+)” rating reaffirmed by Weiss Ratings.
Insider Activity at Gates Industrial
In other news, Director Peifang Zhang sold 6,000 shares of Gates Industrial stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $29.56, for a total value of $177,360.00. Following the transaction, the director directly owned 50,044 shares in the company, valued at approximately $1,479,300.64. The trade was a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.
In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.
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