Brokerages Set Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) PT at $48.20

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

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

Luckin Coffee Stock Performance

Shares of OTCMKTS LKNCY opened at $30.60 on Thursday. Luckin Coffee has a 52-week low of $27.22 and a 52-week high of $43.64. The business has a fifty day moving average of $31.50 and a two-hundred day moving average of $33.24. The stock has a market cap of $8.78 billion, a PE ratio of 19.13 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.