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

Peel Hunt reiterated their buy rating on shares of Biffa (LON:BIFF) in a report released on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other analysts also recently commented on BIFF. HSBC cut their price objective on shares of Biffa from GBX 285 ($3.72) to GBX 280 ($3.66) and set a buy rating for the company in a report on Wednesday, June 12th. Numis Securities reiterated a buy rating on shares of Biffa in a report on Wednesday, June 5th. Finally, Peel Hunt cut their price objective on shares of Biffa from GBX 252 ($3.29) to GBX 240 ($3.14) and set a buy rating for the company in a report on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average price target of GBX 270 ($3.53).

BIFF stock opened at GBX 243 ($3.18) on Tuesday. The company has a market cap of $607.50 million and a price-to-earnings ratio of 33.75. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 116.38. Biffa has a 12 month low of GBX 171.80 ($2.24) and a 12 month high of GBX 268 ($3.50). The firm has a 50-day moving average of GBX 206.37 and a two-hundred day moving average of GBX 217.60.

In other news, insider Richard Pike purchased 9,355 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was acquired at an average price of GBX 213 ($2.78) per share, with a total value of £19,926.15 ($26,037.04).

About Biffa

Biffa plc provides waste management services in the United Kingdom. It operates through four divisions: Industrial & Commercial, Municipal, Resource Recovery & Treatment, and Energy. The company is involved in the collection, treatment, processing, and disposal of industrial and commercial waste and recyclable materials; production and sale of energy from waste; and sale of recovered commodities, such as paper, glass, metals, and plastic.

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Analyst Recommendations for Biffa (LON:BIFF)

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