Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) Receives Average Rating of “Buy” from Brokerages

Shares of Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) have been given a consensus recommendation of “Buy” by the four ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $48.20.

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

Luckin Coffee Price Performance

Shares of LKNCY stock opened at $32.34 on Thursday. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 20.21 and a beta of -0.33. The company’s fifty day simple moving average is $31.57 and its two-hundred day simple moving average is $33.28. Luckin Coffee has a 1 year low of $27.22 and a 1 year high of $43.64.

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.