Peel Hunt Reaffirms “Buy” Rating for Biffa PLC (LON:BIFF)

Peel Hunt reaffirmed their buy rating on shares of Biffa PLC (LON:BIFF) in a report released on Tuesday, July 25th. Peel Hunt currently has a GBX 265 ($3.45) target price on the stock.

Other analysts have also recently issued reports about the stock. Beaufort Securities upped their price target on shares of Biffa PLC from GBX 235 ($3.06) to GBX 250 ($3.26) and gave the stock a buy rating in a research report on Thursday, July 6th. Citigroup Inc. upped their price objective on shares of Biffa PLC from GBX 200 ($2.60) to GBX 240 ($3.13) and gave the company a buy rating in a research report on Thursday, June 22nd. Numis Securities Ltd reissued a buy rating and issued a GBX 260 ($3.39) price objective on shares of Biffa PLC in a research report on Thursday, June 15th. Finally, J P Morgan Chase & Co upped their price objective on shares of Biffa PLC from GBX 250 ($3.26) to GBX 260 ($3.39) and gave the company an overweight rating in a research report on Thursday, July 6th. Five equities research analysts have rated the stock with a buy rating, Biffa PLC currently has an average rating of Buy and an average target price of GBX 260 ($3.39).

Biffa PLC (BIFF) opened at 222.25 on Tuesday. Biffa PLC has a 1-year low of GBX 166.00 and a 1-year high of GBX 236.50. The stock has a 50 day moving average price of GBX 224.27 and a 200 day moving average price of GBX 199.61. The company’s market cap is GBX 555.63 million.

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The firm also recently disclosed a dividend, which was paid on Friday, July 28th. Investors of record on Thursday, July 6th were paid a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a yield of 1.24%.

Biffa PLC Company Profile

Biffa plc is engaged in waste management business. The Company is engaged in collection, treatment, processing and disposal of waste and recyclable materials, as well as related work in the production and sale of energy derived from waste and the sale of recovered commodities, such as paper, glass, metals and plastic.

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