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Gates Industrial plc (GTES) Reaches $17.50 After 4.00% Down Move; Last Week Bankia, S.A. (BNKXF) Coverage

The stock of Gates Industrial Corporation plc (NYSE:GTES) is a huge mover today! The stock decreased 3.45% or $0.625 during the last trading session, reaching $17.495. About 534,052 shares traded. Gates Industrial Corporation plc (NYSE:GTES) has 0.00% since March 13, 2017 and is . It has underperformed by 16.70% the S&P500.The move comes after 6 months negative chart setup for the $5.07 billion company. It was reported on Mar, 13 by We have $16.80 PT which if reached, will make NYSE:GTES worth $202.76M less.

Among 6 analysts covering Bankia (OTCMKTS:BNKXF), 1 have Buy rating, 4 Sell and 1 Hold. Therefore 17% are positive. Bankia had 6 analyst reports since September 3, 2015 according to SRatingsIntel. Berenberg downgraded the stock to “Sell” rating in Wednesday, November 4 report. The firm has “Overweight” rating given on Thursday, September 17 by Morgan Stanley. Keefe Bruyette & Woods downgraded the shares of BNKXF in report on Wednesday, February 8 to “Underperform” rating. Bank of America reinitiated Bankia, S.A. (OTCMKTS:BNKXF) on Wednesday, September 23 with “Underperform” rating. The rating was downgraded by Jefferies on Friday, January 20 to “Underperform”. As per Thursday, September 3, the company rating was upgraded by Credit Suisse. See Bankia, S.A. (OTCMKTS:BNKXF) latest ratings:

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. The company has market cap of $5.07 billion. The Company’s power transmission products include synchronous belts, V-belts, CVT belts, or micro-V belts, as well as related components, including sprockets, pulleys, water pumps, tensioners, or other accessories. It has a 137.76 P/E ratio. The company's power transmission product applications comprise stationary drives, mobile drives, engine systems, personal mobility products, and vertical lifts.

Bankia, S.A. provides banking and financial services and products primarily in Spain. The company has market cap of $14.73 billion. The firm operates in three divisions: Retail Banking, Business Banking, and Corporate Centre. It has a 24.13 P/E ratio. It provides retail banking products, such as salary direct deposits, mortgages, term deposits, credit cards, insurance, investment and pension funds, and other asset management services to high net-worth customers.

It closed at $4.85 lastly. It is down 0.00% since March 13, 2017 and is . It has underperformed by 16.70% the S&P500.

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