Biffa (LON:BIFF) had its price objective lifted by equities research analysts at HSBC from GBX 275 ($3.59) to GBX 285 ($3.72) in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. HSBC’s price objective would suggest a potential upside of 26.73% from the company’s previous close.
BIFF has been the subject of several other reports. JPMorgan Chase & Co. raised their price objective on shares of Biffa from GBX 290 ($3.79) to GBX 300 ($3.92) and gave the stock an “overweight” rating in a report on Wednesday. Peel Hunt raised their price objective on shares of Biffa from GBX 246 ($3.21) to GBX 252 ($3.29) and gave the stock a “buy” rating in a report on Tuesday. Finally, Numis Securities restated a “buy” rating and issued a GBX 290 ($3.79) price objective on shares of Biffa in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 268.40 ($3.51).
LON BIFF opened at GBX 224.89 ($2.94) on Thursday. Biffa has a 1 year low of GBX 183 ($2.39) and a 1 year high of GBX 265 ($3.46).
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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