In a report released today, Akshay Jagdale from Jefferies reiterated a Buy rating on Amira Nature (NYSE: ANFI), with a price target of $8. The company’s shares closed yesterday at $4.83, close to its 52-week low of $4.71.
According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 5.5% and a 52.3% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.
Amira Nature has an analyst consensus of Moderate Buy, with a price target consensus of $8.
The company has a one year high of $8.99 and a one year low of $4.71. Currently, Amira Nature has an average volume of 102.1K.
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Amira Nature Foods Ltd. engages in the processing, distributing, and marketing of packaged Indian specialty rice, primarily basmati rice, and other food products. It offers products among international buyers and distributors and retail chains in India. The company was founded in 1915 and is headquartered in Dubai, the United Arab Emirates.