Biffa (LON:BIFF) had its price objective trimmed by JPMorgan Chase & Co. from GBX 300 ($3.82) to GBX 250 ($3.18) in a research note published on Wednesday morning, Stock Target Advisor reports. The firm currently has an overweight rating on the stock.
Several other equities research analysts also recently weighed in on the stock. Citigroup raised shares of Biffa to a neutral rating and set a GBX 210 ($2.67) target price on the stock in a research note on Monday, June 15th. Peel Hunt reduced their price objective on shares of Biffa from GBX 260 ($3.31) to GBX 240 ($3.05) and set a hold rating on the stock in a research report on Friday, June 12th. Finally, HSBC raised their price objective on shares of Biffa from GBX 225 ($2.86) to GBX 230 ($2.93) and gave the stock a buy rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Biffa presently has an average rating of Hold and a consensus price target of GBX 241 ($3.07).
LON BIFF opened at GBX 200 ($2.55) on Wednesday. The company has a market cap of $500.00 million and a P/E ratio of 11.17. The business’s 50 day moving average price is GBX 223.46 and its 200-day moving average price is GBX 244.28. Biffa has a fifty-two week low of GBX 165.40 ($2.11) and a fifty-two week high of GBX 314 ($4.00). The company has a debt-to-equity ratio of 134.94, a quick ratio of 0.83 and a current ratio of 0.96.
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.
See Also: What is a resistance level?
Receive News & Ratings for Biffa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Biffa and related companies with MarketBeat.com's FREE daily email newsletter.