Today’s Rating Alert: Is It Finally Time? Peel Hunt Starts Coverage On Biffa Plc (LON:BIFF) with GBX 255.00 Price Target

November 28, 2016 - By Hazel Jackson

Why Peel Hunt Gives Biffa Plc (LON:BIFF) GBX 255.00 Price Target

Expert analysts at Peel Hunt has initiated coverage on shares of Biffa Plc (LON:BIFF) in a analysts report issued to investors and clients on Monday, 28 November. The financial firm set a Buy rating on the stock. Peel Hunt’s TP of GBX 255.00 suggests potential of 46.65% from the stock’s last stock close.

About 33,627 shares traded hands. Biffa PLC (LON:BIFF) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

Biffa plc is engaged in waste management business. The company has a market cap of 435.00 million GBP. The Firm is engaged in collection, treatment, processing and disposal of waste and recyclable materials, as well as related work in the production and sale of energy derived from waste and the sale of recovered commodities, such as paper, glass, metals and plastic. It has a 51.18 P/E ratio. The Company’s Industrial & Commercial division provides a range of services to corporate, industrial, commercial and public sector customers, including waste collection, sorting services for the recovery of recyclable material and transfer of residual waste, and processing and organizing waste materials for energy recovery as refuse derived fuel.

More notable recent Biffa PLC (LON:BIFF) news were published by: Ft.com which released: “Helicopter drop of RBS stock needed” on October 17, 2016, also Bloomberg.com with their article: “Biffa Said to Find Buyers for London IPO After Cutting Price” published on October 14, 2016, Bloomberg.com published: “Biffa Executives Said to Forgo $39 Million Windfall From IPO” on September 29, 2016. More interesting news about Biffa PLC (LON:BIFF) were released by: Reuters.com and their article: “British waste management firm Biffa eyes London listing” published on September 15, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Biffa prices London IPO at 180 p/shr, to list Oct. 20” with publication date: October 17, 2016.

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