Luckin Coffee (OTCMKTS:LKNCY) Stock Lifted to “Strong-Buy” by Zacks Research

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

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

Luckin Coffee Stock Up 0.6%

Shares of OTCMKTS LKNCY opened at $36.87 on Tuesday. The stock’s 50 day moving average price is $33.51 and its two-hundred day moving average price is $33.50. Luckin Coffee has a 52-week low of $27.22 and a 52-week high of $40.22. The stock has a market capitalization of $10.57 billion, a P/E ratio of 18.43, a PEG ratio of 0.47 and a beta of -0.32.

About Luckin Coffee

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.