Amira Nature Foods Ltd (NYSE:ANFI), a leading global provider of branded packaged Indian specialty rice, announced today that its Amira branded products are available in Price Chopper stores.
Headquartered in Schenectady, New York, Price Chopper operates more than 130 stores in New York, Massachusetts, Vermont,Connecticut, Pennsylvania and New Hampshire. The Golub Corporation, parent company of Price Chopper, dates back to the 1900s and is one of the largest privately held corporations in the United States that is predominantly employee owned.
“We are excited to expand our distribution in the United States with the addition of Price Chopper supermarkets,” said Karan A Chanana, Chairman of Amira Nature Foods Ltd. “We are working to expand the Amira brand across the country, and the addition of Price Chopper with its focus on customer engagement, health and wellness and environmental sustainability is a perfect fit for our Amira branded ‘better-for-you’ rice products.” (Original Source)
Shares of Amira Nature Foods closed last Friday at $7.17 . ANFI has a 1-year high of $17.50 and a 1-year low of $2.51. The stock’s 50-day moving average is $5.80 and its 200-day moving average is $8.25.
On the ratings front, Amira Nature Foods has been the subject of a number of recent research reports. In a report issued on August 18, BMO analyst Amit Sharma downgraded ANFI to Hold, with a price target of $8, which represents a potential upside of 11.6% from where the stock is currently trading. Separately, on August 3, Oppenheimer’s Rupesh Parikh maintained a Buy rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Amit Sharma and Rupesh Parikh have a total average return of 9.0% and 2.3% respectively. Sharma has a success rate of 71.0% and is ranked #782 out of 3842 analysts, while Parikh has a success rate of 54.0% and is ranked #1311.
Amira Nature Foods Ltd is a provider of packaged Indian specialty rice, with sales in over 60 countries. It also sell other products such as wheat, barley and legumes.