Peel Hunt Reiterates Buy Rating for Biffa (LON:BIFF)

Peel Hunt reaffirmed their buy rating on shares of Biffa (LON:BIFF) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.

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

LON:BIFF opened at GBX 258 ($3.37) on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 116.38. The company has a market capitalization of $645.00 million and a P/E ratio of 35.83. Biffa has a 12 month low of GBX 171.80 ($2.24) and a 12 month high of GBX 268 ($3.50). The business’s 50-day moving average is GBX 207.14 and its 200 day moving average is GBX 217.99.

In other news, insider Richard Pike bought 9,355 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were bought at an average cost of GBX 213 ($2.78) per share, for a total transaction of £19,926.15 ($26,037.04).

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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