Luckin Coffee (OTCMKTS:LKNCY) Raised to “Strong-Buy” at Zacks Research

Luckin Coffee (OTCMKTS:LKNCY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Separately, BNP Paribas Exane raised Luckin Coffee to an “outperform” rating and set a $48.00 target price for the company in a research report on Tuesday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus target price of $46.87.

Luckin Coffee Trading Up 0.6%

LKNCY opened at $36.87 on Tuesday. The stock has a market cap of $10.57 billion, a PE ratio of 18.43, a P/E/G ratio of 0.47 and a beta of -0.32. Luckin Coffee has a 1 year low of $27.22 and a 1 year high of $40.22. The stock’s 50 day simple moving average is $33.51 and its 200-day simple moving average is $33.50.

Luckin Coffee Company Profile

Luckin Coffee is a Chinese coffeehouse company founded in 2017. It operates a technology-driven retail business, using mobile ordering and a network of stores to serve customers through pickup and delivery. The company’s offerings include freshly brewed coffee, tea and other beverages, along with selected food items. Its menu and promotions are designed for convenient, frequent purchases through its app and other digital channels. Luckin Coffee primarily serves customers in China and has also expanded into Singapore.