Shares of Biffa PLC (LON:BIFF) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 267.25 ($3.46).
Several brokerages have recently commented on BIFF. Peel Hunt upgraded shares of Biffa to a “buy” rating and increased their target price for the company from GBX 260 ($3.37) to GBX 289 ($3.74) in a report on Thursday, August 2nd. Numis Securities reiterated a “buy” rating on shares of Biffa in a report on Wednesday, June 13th. Finally, HSBC upgraded shares of Biffa to a “buy” rating in a report on Friday, June 1st.
Biffa traded down GBX 8 ($0.10), hitting GBX 235 ($3.04), during trading on Friday, according to MarketBeat. 207,846 shares of the company’s stock were exchanged, compared to its average volume of 890,367. Biffa has a fifty-two week low of GBX 183 ($2.37) and a fifty-two week high of GBX 265 ($3.43).
Biffa (LON:BIFF) last released its quarterly earnings data on Wednesday, June 13th. The company reported GBX 19.20 ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 18.70 ($0.24) by GBX 0.50 ($0.01). Biffa had a net margin of 4.43% and a return on equity of 15.75%.
The company also recently announced a dividend, which was paid on Friday, July 27th. Stockholders of record on Thursday, July 5th were issued a GBX 4.53 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, July 5th. This represents a dividend yield of 1.92%. This is an increase from Biffa’s previous dividend of $2.17.
In other news, insider Carol Chesney bought 6,500 shares of the stock in a transaction dated Thursday, August 2nd. The stock was bought at an average price of GBX 236 ($3.06) per share, for a total transaction of £15,340 ($19,857.61).
Biffa Company Profile
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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