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

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

A number of equities analysts have issued reports on LKNCY shares. The Goldman Sachs Group set a $49.00 target price on Luckin Coffee and gave the stock a “buy” rating in a report on Sunday, June 21st. Jefferies Financial Group assumed coverage on shares of Luckin Coffee in a research report on Tuesday, June 9th. They issued a “buy” rating and a $43.60 price target on the stock. Finally, Zacks Research upgraded shares of Luckin Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th.

Luckin Coffee Stock Up 1.4%

LKNCY stock opened at $32.26 on Thursday. Luckin Coffee has a twelve month low of $27.22 and a twelve month high of $43.64. The company has a market cap of $9.25 billion, a P/E ratio of 20.16 and a beta of -0.33. The business’s fifty day moving average is $31.41 and its 200-day moving average is $33.21.

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.