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Gear Energy (GXE) Stock Forecast & Price Target

C$0.75
-0.02 (-2.60%)
(As of 05/21/2024 ET)

Gear Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 2 Analyst Ratings

Consensus Price Target

C$1.00
33.33% Upside
High ForecastC$1.00
Average ForecastC$1.00
Low ForecastC$1.00
TypeCurrent Forecast
5/23/23 to 5/22/24
1 Month Ago
4/23/23 to 4/22/24
3 Months Ago
2/22/23 to 2/22/24
1 Year Ago
5/23/22 to 5/23/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
0 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$1.00C$1.00C$1.00C$1.30
Forecasted Upside33.33% Upside35.14% Upside35.14% Upside25.00% Upside
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GXE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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GXE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Gear Energy Stock vs. The Competition

TypeGear EnergyEnergy Companies
Consensus Rating Score
2.50
2.67
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/18/2024ATB Capital
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 Lower TargetOutperformC$1.25 ➝ C$1.00+61.29%
11/9/2023Atb Cap Markets
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A. Arif
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DowngradeOutperform ➝ Sector Perform
5/4/2023Stifel Nicolaus
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 Lower TargetC$1.10 ➝ C$1.00+2.04%
1/12/2023Stifel Firstegy
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M. Dunn
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Reiterated RatingHold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:42 AM ET.

GXE Frequently Asked Questions

What is Gear Energy's stock forecast and purchase recommendation?

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Gear Energy is C$1.00, with a high forecast of C$1.00 and a low forecast of C$1.00. The consensus rating for Gear Energy stock is Moderate Buy based on the current 1 hold rating and 1 buy rating for GXE. Learn more on GXE's analyst rating history.

Do Wall Street analysts like Gear Energy more than its competitors?

Analysts like Gear Energy less than other "energy" companies. The consensus rating score for Gear Energy is 2.50 while the average consensus rating score for "energy" companies is 2.67. Learn more on how GXE compares to other companies.

Does Gear Energy's stock price have much upside?

According to analysts, Gear Energy's stock has a predicted upside of 61.29% based on their 12-month stock forecasts.


Stock Forecasts and Research Tools

This page (TSE:GXE) was last updated on 5/22/2024 by MarketBeat.com Staff

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