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

Shares of Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) have received an average recommendation of “Buy” from the four brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $48.20.

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

Luckin Coffee Stock Performance

Shares of OTCMKTS LKNCY opened at $30.51 on Friday. The stock has a fifty day simple moving average of $32.30 and a two-hundred day simple moving average of $33.82. Luckin Coffee has a 1-year low of $30.00 and a 1-year high of $43.64. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 19.07 and a beta of -0.31.

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.