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

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) has been assigned an average rating of “Buy” from the four analysts that are currently covering the firm, MarketBeat.com 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 research analysts recently issued reports on LKNCY shares. Zacks Research raised Luckin Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Jefferies Financial Group started coverage on Luckin Coffee in a report 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 price target on Luckin Coffee and gave the stock a “buy” rating in a research report on Sunday, June 21st.

Luckin Coffee Stock Performance

Shares of LKNCY stock opened at $32.05 on Thursday. The stock has a 50 day moving average price of $31.47 and a 200 day moving average price of $33.23. Luckin Coffee has a 52-week low of $27.22 and a 52-week high of $43.64. The firm has a market capitalization of $9.19 billion, a P/E ratio of 20.03 and a beta of -0.33.

Luckin Coffee Company Profile

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.