Peel Hunt Lowers Biffa (LON:BIFF) to Add

Peel Hunt cut shares of Biffa (LON:BIFF) to an add rating in a research note issued to investors on Wednesday, Stock Target Advisor reports. The firm currently has GBX 260 ($3.40) price target on the stock, up from their prior price target of GBX 240 ($3.14).

A number of other equities research analysts have also issued reports on BIFF. Peel Hunt reduced their target price on shares of Biffa from GBX 252 ($3.29) to GBX 240 ($3.14) and set a buy rating on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Biffa in a report on Friday, September 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 274 ($3.58).

Biffa stock traded up GBX 5.50 ($0.07) during mid-day trading on Wednesday, reaching GBX 265 ($3.46). 2,190,462 shares of the company’s stock were exchanged, compared to its average volume of 890,367. The company has a market cap of $661.25 million and a P/E ratio of 36.81. Biffa has a twelve month low of GBX 171.80 ($2.24) and a twelve month high of GBX 260.50 ($3.40). The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 116.38. The company has a fifty day moving average of GBX 249.49 and a 200-day moving average of GBX 226.68.

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 28th will be issued a dividend of GBX 2.47 ($0.03) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 0.95%. Biffa’s dividend payout ratio (DPR) is presently 0.97%.

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.

Read More: Why do companies engage in swaps?

Analyst Recommendations for Biffa (LON:BIFF)

Receive News & Ratings for Biffa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Biffa and related companies with's FREE daily email newsletter.