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

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) has earned a consensus recommendation of “Buy” from the four research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $48.20.

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

Luckin Coffee Price Performance

Luckin Coffee stock opened at $30.51 on Friday. Luckin Coffee has a one year low of $30.00 and a one year high of $43.64. The business has a fifty day moving average price of $32.30 and a 200-day moving average price of $33.82. The firm has a market capitalization of $8.75 billion, a P/E ratio of 19.07 and a beta of -0.31.

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.