Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) Receives $48.20 Consensus PT from Analysts

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

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

Luckin Coffee Stock Down 4.9%

LKNCY stock opened at $30.00 on Friday. The company has a market capitalization of $8.60 billion, a P/E ratio of 18.75 and a beta of -0.31. The company has a 50-day simple moving average of $32.16 and a 200 day simple moving average of $33.68. Luckin Coffee has a fifty-two week low of $29.83 and a fifty-two week 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.