A number of other brokerages have also weighed in on BIFF. Numis Securities reissued a buy rating on shares of Biffa in a report on Wednesday, June 13th. HSBC raised shares of Biffa to a buy rating in a report on Friday, June 1st. Finally, Berenberg Bank initiated coverage on shares of Biffa in a report on Thursday, September 6th. They set a hold rating and a GBX 215 ($2.81) target price for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 260.17 ($3.40).
Shares of LON BIFF traded down GBX 7 ($0.09) during mid-day trading on Thursday, hitting GBX 251.50 ($3.29). 74,964 shares of the stock were exchanged, compared to its average volume of 890,367. Biffa has a twelve month low of GBX 183 ($2.39) and a twelve month high of GBX 265 ($3.46).
In other news, insider Carol Chesney purchased 6,500 shares of Biffa stock in a transaction dated Thursday, August 2nd. The shares were bought at an average cost of GBX 236 ($3.08) per share, with a total value of £15,340 ($20,044.43). Also, insider Richard Pike purchased 70,000 shares of Biffa stock in a transaction dated Monday, September 17th. The shares were purchased at an average cost of GBX 251 ($3.28) per share, for a total transaction of £175,700 ($229,583.17).
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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