Biffa PLC (BIFF) Receives Average Recommendation of “Buy” from Analysts

Shares of Biffa PLC (LON:BIFF) have received a consensus rating of “Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 250.50 ($3.27).

Several equities research analysts have recently issued reports on the stock. Numis Securities reiterated a “buy” rating and set a GBX 290 ($3.79) price objective on shares of Biffa in a research report on Friday, August 17th. Peel Hunt lifted their price objective on shares of Biffa from GBX 289 ($3.78) to GBX 296 ($3.87) and gave the company a “buy” rating in a research report on Friday, August 17th. HSBC reiterated a “buy” rating on shares of Biffa in a research report on Wednesday, November 21st. Finally, Berenberg Bank assumed coverage on shares of Biffa in a research report on Thursday, September 6th. They set a “hold” rating and a GBX 215 ($2.81) price objective on the stock.

Biffa stock opened at GBX 198.40 ($2.59) on Friday. Biffa has a 1 year low of GBX 183 ($2.39) and a 1 year high of GBX 265 ($3.46).

The company also recently disclosed a dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 7th will be paid a dividend of GBX 2.30 ($0.03) per share. This represents a yield of 1.06%. The ex-dividend date of this dividend is Friday, December 7th.

In other news, insider Richard Pike acquired 150,000 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was bought at an average cost of GBX 193 ($2.52) per share, with a total value of £289,500 ($378,283.03).

About Biffa

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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Analyst Recommendations for Biffa (LON:BIFF)

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