Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) Given Consensus Rating of “Buy” by Brokerages

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) has been given an average rating of “Buy” by the four ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $48.20.

Several research firms recently weighed in on LKNCY. The Goldman Sachs Group set a $49.00 price objective on Luckin Coffee and gave the company a “buy” rating in a report on Sunday, June 21st. Zacks Research raised Luckin Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Jefferies Financial Group began coverage on Luckin Coffee in a report on Tuesday, June 9th. They set a “buy” rating and a $43.60 price objective on the stock.

Luckin Coffee Stock Down 3.0%

OTCMKTS LKNCY opened at $29.11 on Friday. Luckin Coffee has a twelve month low of $29.04 and a twelve month high of $43.64. The company has a market cap of $8.35 billion, a price-to-earnings ratio of 18.19 and a beta of -0.31. The business’s fifty day moving average is $32.07 and its 200 day moving average is $33.65.

About Luckin Coffee

Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.

Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.