Rating Flow: Peel Hunt Reiterates a “Buy” Rating on Biffa Plc (LON:BIFF) and GBX 255.00 Target

November 30, 2016 - By Ruchi Gupta

Biffa Plc (LON:BIFF) Rating

In an analyst note sent to clients and investors on today, Peel Hunt reconfirmed their “Buy” rating on Biffa Plc (LON:BIFF)‘s stock. The PT would indicate a potential upside of 43.86% from company’s previous close.

About 183,859 shares traded hands. Biffa PLC (LON:BIFF) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Biffa plc is engaged in waste management business. The company has a market cap of 440.00 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 51.76 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 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 published the news titled: “Biffa Said to Find Buyers for London IPO After Cutting Price” on October 14, 2016. Bloomberg.com‘s news article titled: “Biffa Executives Said to Forgo $39 Million Windfall From IPO” with publication date: September 29, 2016 was also an interesting one.

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