Biffa PLC Announces Dividend of GBX 2.17 (BIFF)

Biffa PLC (LON:BIFF) announced a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 7th will be given a dividend of GBX 2.17 ($0.03) per share on Friday, January 5th. This represents a yield of 0.84%. The ex-dividend date is Thursday, December 7th. The official announcement can be accessed at this link.

Biffa (BIFF) traded down GBX 2 ($0.03) during mid-day trading on Friday, reaching GBX 250 ($3.35). 812,407 shares of the company’s stock were exchanged, compared to its average volume of 475,238. Biffa has a 52 week low of GBX 171.50 ($2.30) and a 52 week high of GBX 265 ($3.55).

In other news, insider David Gooding sold 23,000 shares of the stock in a transaction that occurred on Thursday, November 23rd. The shares were sold at an average price of GBX 260 ($3.48), for a total value of £59,800 ($80,085.71).

A number of analysts have commented on BIFF shares. Numis Securities reaffirmed a “buy” rating and set a GBX 285 ($3.82) price objective on shares of Biffa in a research note on Thursday, October 19th. Beaufort Securities upped their price objective on shares of Biffa from GBX 250 ($3.35) to GBX 270 ($3.62) and gave the company a “buy” rating in a research note on Friday, September 8th. Finally, J P Morgan Chase & Co upped their price objective on shares of Biffa from GBX 260 ($3.48) to GBX 270 ($3.62) and gave the company an “overweight” rating in a research note on Friday, September 8th. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of GBX 266 ($3.56).

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Biffa Company Profile

Biffa plc is engaged in waste management business. The Company is engaged in collection, treatment, processing and disposal of waste and recyclable materials, as well as related work in the production and sale of energy derived from waste and the sale of recovered commodities, such as paper, glass, metals and plastic.

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