G&K Services Inc (NASDAQ:GK) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Zacks Investment Research has downgraded G&K Services Inc(NASDAQ:GK) to Sell in a statement released on 8/18/2016.
Only yesterday G&K Services Inc (NASDAQ:GK) traded 0.04% higher at $96.96. GK’s 50-day moving average is $90.05 and its 200-day moving average is $77.83. The last stock price is up 24.04% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. 343,719 shares of G&K Services Inc traded, up from ann avg. trading volume of 225,217.
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G&K Services Inc has a 52 week low of $51.94 and a 52 week high of $98.22 with a P/E ratio of 27. GK’s market cap is presently $0.0.
A total of 3 brokers have issued a research note on G&K Services Inc. Two firms rate the stock a strong buy, one analyst rate the company a buy, four analyts rate the stock a hold, 0 rate the stock to underperform, and finally 0 firmsrate the company as sell with a consensus target stock price of $79.00
Brief Synopsis About G&K Services Inc (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, and healthcare and others.
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