G&K (NASDAQ:GK) has been downgraded from Outperform to Mkt Perform in a report by Barrington Research today.
- Updated: October 6, 2016
Only yesterday G&K (NASDAQ:GK) traded 0.10% higher at $95.51. The company’s 50-day moving average is $96.68 and its 200-day moving average is $80.84. The last stock close price is up 18.27% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 152,193 shares of GK changing hands under the typical 252,625
Barrington Research has downgraded G&K (NASDAQ:GK) from Outperform to Mkt Perform in a statement released on 10/6/2016.
G&K has 52 week low of $51.94 and a one year high of $98.22 with a PE ratio of 26.48 and has a total market value of $0.
A total of 3 equity analysts have released a ratings update on the stock. Two analysts rating the company a strong buy, 1 broker rating the stock a buy, four brokerages rating the company a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a one year target of $79.00.
General Company Details For G&K (NASDAQ:GK)
G&K Services, Inc. is a service-focused provider of branded uniform and facility services programs. The Company provides a range of workwear and protective safety apparel through rental and direct purchase programs. The Company also supplies various facility products and services, including floor mats, towels, mops, restroom hygiene products, and first aid supplies. It also manufactures certain work apparel garments that are used to support its garment rental and direct purchase programs. It operates in two segments: United States (includes the Dominican Republic) and Canada. The Company operated from approximately 160 locations, as of July 2, 2016. The Company serves a diverse base of customer locations in various industries, including automotive, warehousing, distribution, transportation, energy, manufacturing, food processing, retail, restaurants, construction and trades, hospitality, government, healthcare and others.
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