Amira Nature Foods Ltd Given Consensus Rating of "Hold" by Analysts.
new Delhi,india, December 17, 2015 (Newswire.com) - Shares of Amira Nature Foods Ltd have received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus price target of $8.00 for the company, according to Zacks. Zacks has also assigned Amira Nature Foods an industry rank of 225 out of 265 based on the ratings given to related companies.
mira Nature Foods Ltd - New York Stock Exchange is a international producer of Packaged Food, Indian Specialty Basmati Rice with over 200 SKU's, with sales in over 60 countries.
sanjay, SEO MAnager
Separately, BMO Capital Markets downgraded shares of Amira Nature Foods from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $18.00 to $8.00 in a report on Tuesday, August 18th.
Shares of Amira Nature Foods opened at 8.09 on Wednesday. Amira Nature Foods has a 1-year low of $2.51 and a 1-year high of $14.74. The company has a market capitalization of $290.69 million and a price-to-earnings ratio of 5.74. The firm’s 50-day moving average is $7.51 and its 200-day moving average is $8.03.
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice and other related rice based products. The Company’s products include snacks, ready-to-heat meals, organic product offerings, wheat, barley and legumes. ANFI sells Basmati rice, a long-grain variety of rice grown only in certain regions of the Indian sub-continent, under the brand name Amira. Amira branded products are sold by retailers such as Bharti, Big Bazaar, Carrefour, Costco, easyday, Jetro Restaurant Depot, Smart & Final, Spencer’s and Tesco. In emerging markets, its products are sold by retailers and supermarkets and privately-owned independent stores. The Company operates a fully-automated and integrated processing and milling facility that is strategically located in the vicinity of the key Basmati rice paddy producing regions of northern India. The facility spans a covered area of approximately 310,000 square feet, with a processing capacity of approximately 24 metric tons of paddy per hour.