Biffa’s (BIFF) Buy Rating Reiterated at Numis Securities

Numis Securities restated their buy rating on shares of Biffa (LON:BIFF) in a report released on Thursday morning.

BIFF has been the subject of a number of other reports. HSBC raised shares of Biffa to a buy rating in a research report on Friday, June 1st. Peel Hunt upped their price target on shares of Biffa from GBX 250 ($3.26) to GBX 260 ($3.39) and gave the stock an add rating in a research report on Wednesday, June 13th. Finally, Berenberg Bank initiated coverage on shares of Biffa in a research report on Thursday, September 6th. They set a hold rating and a GBX 215 ($2.80) price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 260.17 ($3.39).

Shares of BIFF stock traded up GBX 5.50 ($0.07) on Thursday, reaching GBX 252.50 ($3.29). 419,817 shares of the stock were exchanged, compared to its average volume of 890,367. Biffa has a 1-year low of GBX 183 ($2.38) and a 1-year high of GBX 265 ($3.45).

Biffa (LON:BIFF) last released its quarterly earnings data on Wednesday, June 13th. The company reported GBX 19.20 ($0.25) EPS for the quarter, topping analysts’ consensus estimates of GBX 18.70 ($0.24) by GBX 0.50 ($0.01). Biffa had a return on equity of 15.75% and a net margin of 4.43%.

In other Biffa news, insider Carol Chesney purchased 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The stock was purchased at an average cost of GBX 236 ($3.07) per share, with a total value of £15,340 ($19,981.76).

Biffa Company Profile

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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