Luckin Coffee (OTCMKTS:LKNCY) Upgraded by Jefferies Financial Group to “Strong-Buy” Rating

Jefferies Financial Group upgraded shares of Luckin Coffee (OTCMKTS:LKNCY) to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

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

Luckin Coffee Trading Up 1.9%

Shares of LKNCY opened at $31.20 on Tuesday. The stock has a market capitalization of $8.95 billion, a P/E ratio of 19.50 and a beta of -0.31. The firm’s fifty day simple moving average is $32.49 and its two-hundred day simple moving average is $34.13. Luckin Coffee has a 12 month low of $30.00 and a 12 month high of $43.64.

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.