Biffa (LON:BIFF) had its price target cut by HSBC from GBX 285 ($3.72) to GBX 280 ($3.66) in a report released on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
A number of other research analysts also recently issued reports on the company. Numis Securities reissued a buy rating on shares of Biffa in a research note on Wednesday, June 5th. Peel Hunt reaffirmed a buy rating and issued a GBX 264 ($3.45) target price (up from GBX 252 ($3.29)) on shares of Biffa in a research report on Monday, June 3rd. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Biffa in a research report on Wednesday, May 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of GBX 269.80 ($3.53).
Shares of LON:BIFF opened at GBX 226 ($2.95) on Wednesday. The stock has a market capitalization of $565.00 million and a PE ratio of 31.39. The company has a debt-to-equity ratio of 116.38, a quick ratio of 0.89 and a current ratio of 0.98. Biffa has a 1 year low of GBX 171.80 ($2.24) and a 1 year high of GBX 268 ($3.50).
In related news, insider Michael Topham sold 131,844 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of GBX 223 ($2.91), for a total value of £294,012.12 ($384,178.91).
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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