Analysts Set Biffa PLC (BIFF) Price Target at $267.25
Biffa PLC (LON:BIFF) has earned a consensus rating of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 267.25 ($3.46).
Several equities research analysts recently issued reports on the stock. Peel Hunt lifted their price target on shares of Biffa from GBX 250 ($3.24) to GBX 260 ($3.37) and gave the company an “add” rating in a report on Wednesday, June 13th. Numis Securities reaffirmed a “buy” rating on shares of Biffa in a report on Wednesday, June 13th. Finally, HSBC raised shares of Biffa to a “buy” rating in a report on Friday, June 1st.
In related news, insider Carol Chesney bought 6,500 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were bought at an average price of GBX 236 ($3.06) per share, for a total transaction of £15,340 ($19,857.61).
Biffa (LON:BIFF) last issued its earnings results on Wednesday, June 13th. The company reported GBX 19.20 ($0.25) EPS for the quarter, beating the consensus estimate of GBX 18.70 ($0.24) by GBX 0.50 ($0.01). Biffa had a net margin of 4.43% and a return on equity of 15.75%.
The company also recently disclosed a dividend, which was paid on Friday, July 27th. Stockholders of record on Thursday, July 5th were paid a GBX 4.53 ($0.06) dividend. This is a positive change from Biffa’s previous dividend of $2.17. This represents a dividend yield of 1.92%. The ex-dividend date was Thursday, July 5th.
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.
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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