Biffa (LON:BIFF) had its price target cut by Peel Hunt from GBX 264 ($3.45) to GBX 252 ($3.29) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reiterated a neutral rating on shares of Anglo American in a research note on Wednesday, May 15th. HSBC reiterated a buy rating and set a GBX 3,400 ($44.43) price objective on shares of in a research note on Wednesday, June 12th. Finally, Numis Securities restated an add rating and issued a GBX 1,050 ($13.72) target price on shares of in a research note on Wednesday, June 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Biffa presently has an average rating of Buy and a consensus price target of GBX 267.40 ($3.49).
BIFF opened at GBX 207 ($2.70) on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 116.38. Biffa has a 52-week low of GBX 171.80 ($2.24) and a 52-week high of GBX 268 ($3.50). The stock’s 50 day simple moving average is GBX 218.85. The stock has a market capitalization of $517.50 million and a P/E ratio of 28.75.
The company also recently announced a dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 27th will be paid a GBX 4.90 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from Biffa’s previous dividend of $2.30. This represents a dividend yield of 2.17%. Biffa’s dividend payout ratio is 0.97%.
In other news, insider Michael Topham sold 131,844 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of GBX 223 ($2.91), for a total value of £294,012.12 ($384,178.91).
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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