Stock analysts at Jefferies Group began coverage on shares of Amira Nature Foods Ltd. (NYSE:ANFI) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating and a $13.00 price target on the stock. Jefferies Group’s target price suggests a potential upside of 66.88% from the company’s current price.

Shares of Amira Nature Foods (NYSE:ANFI) traded up 1.348% on Wednesday, reaching $7.895. The company’s stock had a trading volume of 16,194 shares. The stock has a market cap of $282.73 million, a P/E ratio of 8.821 and a beta of -0.09. Amira Nature Foods has a 12 month low of $4.38 and a 12 month high of $14.09. The firm’s 50-day moving average price is $7.70 and its 200-day moving average price is $8.13.

Large investors have recently made changes to their positions in the company. Jefferies Group LLC raised its stake in shares of Amira Nature Foods by 133.6% in the second quarter. Jefferies Group LLC now owns 26,577 shares of the company’s stock valued at $197,000 after buying an additional 15,200 shares during the period. Nwam LLC raised its stake in shares of Amira Nature Foods by 21.7% in the second quarter. Nwam LLC now owns 38,750 shares of the company’s stock valued at $287,000 after buying an additional 6,900 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in shares of Amira Nature Foods during the second quarter valued at $874,000. Envestnet Asset Management Inc. purchased a new stake in shares of Amira Nature Foods during the first quarter valued at $1,870,000. Finally, FMR LLC raised its stake in shares of Amira Nature Foods by 1.7% in the second quarter. FMR LLC now owns 3,263,662 shares of the company’s stock valued at $24,151,000 after buying an additional 54,300 shares during the period. 13.97% of the stock is owned by institutional investors.

Amira Nature Foods Company Profile

Amira Nature Foods Limited is a provider of branded packaged Indian specialty rice and other products. The Company sells its products primarily under the Amira brand name to retailers, as well as foodservice customers. The Company offers a portfolio of brands that includes various brands of oils, dairy products, snacks and ready-to-eat meals.

5 Day Chart for NYSE:ANFI

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