Brokerage firm Oppenheimer Maintains its rating on Amira Nature Foods(NYSE:ANFI). As per the latest information, Oppenheimer Lowers the price target to $ 17.00 per share from a prior target of $ 20.00. The shares have been rated Outperform. The rating by Oppenheimer was issued on May 28, 2015.
Several Wallstreet Analysts have commented on the company shares. BMO Capital initiates coverage on Amira Nature Foods Ltd (NYSE:ANFI) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $ 18 per share.
The company has received recommendation from many analysts. 1 analysts have rated the company as a strong buy. 2 analysts have suggested buy for the company.
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries. It generates the majority of its revenue through the sale of Basmati rice, a long-grain rice grown only in certain regions of the Indian sub-continent. The Company sells its products, primarily in emerging markets, through a distribution network. It sells its Amira brand in more than 25 countries. The Company sells its Amira branded products to Indian retailers such as Bharti Wal-Mart, Big Bazaar, Metro Cash & Carry, Spar, Spencer’s Retail, Star Bazaar (Tesco in India) and Total and retailers, such as Carrefour, Costco, Jetro Restaurant Depot, Lulu’s and Smart & Final, and through the foodservice channel. It participates across the entire rice supply chain from the procurement of paddy to its storage, aging, processing into rice, packaging, distribution and marketing. In January 2014, Amira Nature Foods Ltd acquired Basmati Rice GmbH.
Amira Nature Foods Ltd (the “Company”) (NYSE: ANFI), a leading global provider of packaged Indian specialty rice, today announced that it entered into a $ 90 million contract to supply third party branded basmati rice to a key repeat customer in the Europe, Middle East, and Africa (“EMEA”) region.”We are extremely pleased to expand our relationship with this customer in the EMEA region as we believe this illustrates Amira’s leading position in the industry,” stated Karan A Chanana, Amira’s Chairman. “The EMEA region continues to be a tremendous growth market for Amira’s basmati rice with strong consumption and demand in the market. As we enter into 2015, we look forward to executing on our additional opportunities for growth with both our Amira branded products and our third party branded products throughout the world.”