Biffa (LON:BIFF) Sets New 12-Month High at $296.50

Biffa PLC (LON:BIFF)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 296.50 ($3.90) and last traded at GBX 283.84 ($3.73), with a volume of 330424 shares changing hands. The stock had previously closed at GBX 271.50 ($3.57).

BIFF has been the subject of a number of research reports. HSBC reiterated a “buy” rating on shares of Biffa in a research report on Thursday, December 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Biffa in a research report on Friday, September 20th. Finally, Peel Hunt cut Biffa to an “add” rating and upped their price objective for the company from GBX 240 ($3.16) to GBX 260 ($3.42) in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 274 ($3.60).

The company has a debt-to-equity ratio of 146.64, a current ratio of 0.95 and a quick ratio of 0.90. The business has a 50-day simple moving average of GBX 261.44 and a 200 day simple moving average of GBX 236.25. The firm has a market cap of $722.50 million and a PE ratio of 36.39.

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 28th were given a GBX 2.47 ($0.03) dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend was Thursday, November 28th. Biffa’s payout ratio is 0.90%.

Biffa Company Profile (LON:BIFF)

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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