G&K Services (GK) : The consensus on G&K Services (GK) based on 8 analyst recommendation on the company stock is 2.75, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
G&K Services (GK) : The highest level G&K Services (GK) is projected to reach is $97 for the short term and the lowest estimate is at $78. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $90.67 and the possibility the share price can swing is $10.97.
Also, In a research note released to the investors, JP Morgan downgrades its rating on G&K Services (NASDAQ:GK).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on August 18, 2016.
G&K Services (NASDAQ:GK): After opening at $96.31, the stock dipped to an intraday low of $96.3 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $96.64 and the buying power remained strong till the end. The stock closed at $96.5 for the day, a gain of 0.12% for the day session. The total traded volume was 549,563. The stocks close on the previous trading day was $96.38.
G&K Services, Inc. is a service-focused market leader of branded uniform and facility services programs. The Companys facility products and services include floor mats, towels, mops and restroom hygiene products. The Company serves customers in industries including automotive, warehousing, distribution, transportation, energy, manufacturing, food processing, pharmaceutical, retail, restaurants, hospitality, government, healthcare and others. The Company provides service to customers of every size, from Fortune 100 companies to small and midsize firms. The Company offers facility services programs that provide dust control, maintenance, hand care and hygiene products and services. These programs include floor mat offerings such as traction control, logo, message, scraper, anti-fatigue; towel products such as shop, kitchen, bar, bath, dish, continuous roll, microfiber; mop offerings such as dust, microfiber, wet; fender covers, selected linen items and restroom hygiene products.