Biffa (LON:BIFF) Reaches New 12-Month High Following Analyst Upgrade

Biffa PLC (LON:BIFF) hit a new 52-week high during trading on Wednesday after Peel Hunt raised their price target on the stock from GBX 260 to GBX 275. Peel Hunt currently has an add rating on the stock. Biffa traded as high as GBX 298 ($3.92) and last traded at GBX 295 ($3.88), with a volume of 805832 shares trading hands. The stock had previously closed at GBX 286 ($3.76).

BIFF has been the subject of a number of other research reports. Peel Hunt increased their price target on shares of Biffa from GBX 260 ($3.42) to GBX 275 ($3.62) and gave the company an “add” rating in a research note on Wednesday. HSBC restated a “buy” rating on shares of Biffa in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 284 ($3.74).

The company has a debt-to-equity ratio of 146.64, a quick ratio of 0.90 and a current ratio of 0.95. The firm has a market capitalization of $737.50 million and a price-to-earnings ratio of 37.82. The business has a fifty day moving average of GBX 277.98 and a two-hundred day moving average of GBX 247.57.

About Biffa (LON:BIFF)

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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