Luckin Coffee (OTCMKTS:LKNCY) Upgraded at Jefferies Financial Group

Luckin Coffee (OTCMKTS:LKNCY) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Zacks Research raised Luckin Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $47.80.

Luckin Coffee Price Performance

Shares of LKNCY stock opened at $31.20 on Tuesday. Luckin Coffee has a 12-month low of $30.00 and a 12-month high of $43.64. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 19.50 and a beta of -0.31. The business has a 50 day simple moving average of $32.49 and a 200 day simple moving average of $34.13.

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.