Luckin Coffee (OTCMKTS:LKNCY) Raised to “Strong-Buy” at Zacks Research

Luckin Coffee (OTCMKTS:LKNCY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Separately, BNP Paribas Exane raised Luckin Coffee to an “outperform” rating and set a $48.00 target price on the stock in a research report on Tuesday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Strong Buy” and a consensus target price of $46.87.

Luckin Coffee Stock Performance

OTCMKTS:LKNCY opened at $36.87 on Tuesday. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 0.47 and a beta of -0.32. Luckin Coffee has a one year low of $27.22 and a one year high of $40.22. The business’s 50-day simple moving average is $33.51 and its 200 day simple moving average is $33.50.

About Luckin Coffee

Luckin Coffee is a Chinese coffeehouse company founded in 2017. It operates a technology-driven retail business, using mobile ordering and a network of stores to serve customers through pickup and delivery. The company’s offerings include freshly brewed coffee, tea and other beverages, along with selected food items. Its menu and promotions are designed for convenient, frequent purchases through its app and other digital channels. Luckin Coffee primarily serves customers in China and has also expanded into Singapore.