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G & K Services (NYSE:GK) reached a new 52-week low on Thursday , StockRatingsNetwork reports. The stock traded as low as $48.00 and last traded at $48.69, with a volume of 13,607 shares traded. The stock had previously closed at $49.41.

GK has been the subject of a number of recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of G & K Services in a research note on Tuesday, June 24th. They now have a $63.00 price target on the stock, down previously from $68.00. Analysts at Sidoti upgraded shares of G & K Services from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $63.50.

The stock has a 50-day moving average of $51.28 and a 200-day moving average of $56.44. The company has a market cap of $959.3 million and a price-to-earnings ratio of 24.98.

G&K Services, Inc, provides branded uniform and facility services programs. The Company serves a base of approximately 165,000 customers.

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