Biffa (LON:BIFF) had its price objective lowered by Peel Hunt from GBX 264 ($3.45) to GBX 252 ($3.29) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a buy rating on the stock.
Several other equities analysts have also recently commented on the stock. HSBC reissued a buy rating and set a GBX 3,400 ($44.43) target price on shares of in a research note on Wednesday, June 12th. JPMorgan Chase & Co. reissued a neutral rating on shares of Anglo American in a research note on Wednesday, May 15th. Finally, Numis Securities reissued an add rating and set a GBX 1,050 ($13.72) target price on shares of in a research note on Wednesday, June 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 267.40 ($3.49).
BIFF stock opened at GBX 207 ($2.70) on Wednesday. The company has a debt-to-equity ratio of 116.38, a quick ratio of 0.89 and a current ratio of 0.98. Biffa has a fifty-two week low of GBX 171.80 ($2.24) and a fifty-two week high of GBX 268 ($3.50). The business has a 50-day moving average price of GBX 218.85. The firm has a market cap of $517.50 million and a PE ratio of 28.75.
The business also recently announced a dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be paid a dividend of GBX 4.90 ($0.06) per share. This is a boost from Biffa’s previous dividend of $2.30. The ex-dividend date is Thursday, June 27th. This represents a yield of 2.17%. Biffa’s dividend payout ratio (DPR) is presently 0.97%.
In other Biffa news, insider Michael Topham sold 131,844 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of GBX 223 ($2.91), for a total transaction of £294,012.12 ($384,178.91).
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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