Shares of Biffa (LON:BIFF) have been assigned a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 260.83 ($3.69).
BIFF has been the topic of several recent research reports. Citigroup downgraded shares of Biffa to a “neutral” rating and reduced their price target for the company from GBX 240 ($3.39) to GBX 220 ($3.11) in a report on Thursday, March 8th. HSBC downgraded shares of Biffa to a “hold” rating and reduced their price target for the company from GBX 300 ($4.24) to GBX 250 ($3.53) in a report on Thursday, March 8th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 265 ($3.75) price target on shares of Biffa in a report on Tuesday, January 23rd. JPMorgan Chase reaffirmed an “overweight” rating and issued a GBX 290 ($4.10) price target on shares of Biffa in a report on Thursday, March 8th. Finally, Numis Securities reduced their price target on shares of Biffa from GBX 315 ($4.45) to GBX 285 ($4.03) and set a “buy” rating on the stock in a report on Wednesday, March 7th.
BIFF traded up GBX 1 ($0.01) on Monday, hitting GBX 201 ($2.84). 210,260 shares of the company were exchanged, compared to its average volume of 890,367. Biffa has a fifty-two week low of GBX 183 ($2.59) and a fifty-two week high of GBX 265 ($3.75).
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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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