Amira Nature Foods Ltd. Given a $21.00 Price Target at Jefferies Group (ANFI)

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Jefferies Group set a 21.00 price target on
Amira Nature Foods Ltd (NYSEANFI) in a research
note issued to investors on Tuesday, Stock
Ratings Network.com reports. The firm currently
has a buy rating on the stock.
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Jefferies Group has also modified their ratings
on a number of other stocks in the few days. The
firm initiated coverage on shares of Foster
Wheeler Ltd.. They issued a hold rating on that
stock. Also, Jefferies Group raised its price
target on shares of Methanex Corporation to
65.00. They have a buy rating on that stock.
Amira Nature Foods Ltd (NYSEANFI) traded down
0.12 on Tuesday, hitting 14.0132. The stock had
a trading volume of 91,744 shares.
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Amira Nature Foods Ltd has a 52 week low of 6.25
and a 52 week high of 14.85. The stocks 50-day
moving average is 11.08 and its 200-day moving
average is 8.84. The company has a market cap of
499.9 million and a P/E ratio of 19.96. Amira
Nature Foods Ltd (NYSEANFI) last announced its
earnings results on Monday, August 26th. The
company reported 0.21 earnings per share for the
quarter, beating the analysts consensus estimate
of 0.10 by 0.11. The company had revenue of
110.30 million for the quarter, compared to the
consensus estimate of 98.84 million. Analysts
expect that Amira Nature Foods Ltd will post
0.96 EPS for the current fiscal year.
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A number of other firms have also recently
commented on ANFI. Analysts at Deutsche Bank
reiterated a buy rating on shares of Amira Nature
Foods Ltd in a research note to investors on
Wednesday, October 2nd. They now have a 15.00
price target on the stock, up previously from
13.00. Separately, analysts at KeyCorp raised
their price target on shares of Amira Nature
Foods Ltd from 12.00 to 15.00 in a research
note to investors on Wednesday, September 18th.
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They now have a buy rating on the stock. Finally,
analysts at Zacks upgraded shares of Amira Nature
Foods Ltd from a neutral rating to an outperform
rating in a research note to investors on
Wednesday, August 28th. They now have a 9.60
price target on the stock. Six investment
analysts have rated the stock with a buy rating,
The stock currently has a consensus rating of Buy
and an average price target of 14.52.Amira
Nature Foods Ltd. is a provider of packaged
Indian specialty rice, with sales in over 40
countries.
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About Amira Nature FoodsFounded in 1915, Amira
has evolved into a leading global provider of
packaged Indian specialty rice, with sales in
over 40 countries today. Amira sells Basmati
rice, premium long-grain rice grown only in
certain regions of the Indian sub-continent,
under their flagship Amira brand as well as under
other third party brands. Amira sells its
products primarily in emerging markets through a
broad distribution network. Amiras headquarters
are in Dubai, United Arab Emirates, and it also
has offices in India, Malaysia, Singapore, the
United Kingdom, and the United States.
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fferies-group-anfi/