Biffa (BIFF) Stock Rating Upgraded by HSBC

Biffa (LON:BIFF) was upgraded by stock analysts at HSBC to a “buy” rating in a research note issued on Friday.

A number of other research firms have also commented on BIFF. Citigroup lowered shares of Biffa to a “neutral” rating and lowered their price objective for the company from GBX 240 ($3.22) to GBX 220 ($2.95) in a research note on Thursday, March 8th. Peel Hunt lowered shares of Biffa to an “add” rating and lowered their price objective for the company from GBX 265 ($3.56) to GBX 250 ($3.35) in a research note on Wednesday, March 7th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 290 ($3.89) price objective on shares of Biffa in a research note on Thursday, March 8th. Finally, Numis Securities lowered their price objective on shares of Biffa from GBX 315 ($4.23) to GBX 285 ($3.82) and set a “buy” rating on the stock in a research note on Wednesday, March 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 260.83 ($3.50).

Shares of LON:BIFF opened at GBX 216 ($2.90) on Friday. Biffa has a 52 week low of GBX 183 ($2.46) and a 52 week high of GBX 265 ($3.56).

In related news, insider David Martin acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 11th. The shares were acquired at an average price of GBX 202 ($2.71) per share, for a total transaction of £20,200 ($27,103.18). Also, insider Ken Lever acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The shares were bought at an average price of GBX 206 ($2.76) per share, for a total transaction of £51,500 ($69,099.69).

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.

Analyst Recommendations for Biffa (LON:BIFF)

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