Biffa Plc (LON:BIFF) Reaching An Inflection Point; Berenberg Initiates Shares At Hold with GBX 215.00 target

September 7, 2018 - By Vernon Prom

Why Has Berenberg Given Biffa Plc (LON:BIFF) a GBX 215.00 Price Target

In an analyst report shared with investors today, Berenberg analysts began Biffa Plc (LON:BIFF) coverage with Hold rating, and a GBX 215.00 target price.

Biffa plc (LON:BIFF) Ratings Coverage

Among 6 analysts covering Biffa Plc (LON:BIFF), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Biffa Plc has GBX 296 highest and GBX 215 lowest target. GBX 260.17’s average target is 4.70% above currents GBX 248.5 stock price. Biffa Plc had 11 analyst reports since March 8, 2018 according to SRatingsIntel. The company was upgraded on Thursday, August 2 by Peel Hunt. The company was downgraded on Thursday, March 8 by Citigroup. JP Morgan maintained Biffa plc (LON:BIFF) on Thursday, March 8 with “Overweight” rating. The firm earned “Buy” rating on Wednesday, June 13 by Numis Securities. HSBC downgraded the stock to “Hold” rating in Thursday, March 8 report. Numis Securities maintained the stock with “Buy” rating in Friday, August 17 report. On Wednesday, July 18 the stock rating was maintained by Peel Hunt with “Add”. The stock has “Add” rating by Peel Hunt on Wednesday, June 13. The firm earned “Buy” rating on Friday, June 1 by HSBC. Peel Hunt maintained the shares of BIFF in report on Friday, August 17 with “Buy” rating.

The stock increased 2.05% or GBX 5 during the last trading session, reaching GBX 248.5. About 363,420 shares traded. Biffa plc (LON:BIFF) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

Biffa plc provides waste management services in the United Kingdom. The company has market cap of 621.25 million GBP. It operates through four divisions: Industrial & Commercial, Municipal, Resource Recovery & Treatment, and Energy. It has a 20.04 P/E ratio. The firm 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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