Biffa’s (LON:BIFF) “Purchase” Rating Repeats at HSBC

Biffa’s (LON:BIFF) “Purchase” Rating Repeats at HSBC

HSBC restated their buy rating on shares of Biffa (LON:BIFF) in a report issued on Wednesday, November 21st.

Other equities research analysts have also recently issued reports about the stock. Numis Securities restated 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 increased their target price on shares of Biffa from GBX 289 ($3.78) to GBX 296 ($3.87) and gave the stock a buy rating in a research note on Friday, August 17th. Finally, Berenberg Bank initiated coverage on shares of Biffa in a research note on Thursday, September 6th. They set a hold rating and a GBX 215 ($2.81) target price for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of GBX 257 ($3.36).

BIFF remained flat at $GBX 195 ($2.55) during midday trading on Wednesday. 196,855 shares of the company’s stock traded hands, compared to its average volume of 890,367. Biffa has a fifty-two week low of GBX 183 ($2.39) and a fifty-two week high of GBX 265 ($3.46).

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

In related news, insider Richard Pike acquired 70,000 shares of the business’s stock in a transaction on Monday, September 17th. The shares were bought at an average price of GBX 251 ($3.28) per share, with a total value of £175,700 ($229,583.17).

Biffa Company Profile

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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