Biffa (LON:BIFF) insider David Martin purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were acquired at an average cost of GBX 202 ($2.74) per share, for a total transaction of £20,200 ($27,400.98).
Shares of BIFF opened at GBX 210 ($2.85) on Wednesday. Biffa has a twelve month low of GBX 183 ($2.48) and a twelve month high of GBX 265 ($3.59).
Several brokerages have recently weighed in on BIFF. Peel Hunt reissued a “buy” rating and issued a GBX 265 ($3.59) target price on shares of Biffa in a research note on Tuesday, January 23rd. Numis Securities reissued a “buy” rating and issued a GBX 315 ($4.27) target price on shares of Biffa in a research note on Thursday, February 1st. Citigroup downgraded shares of Biffa to a “neutral” rating and reduced their target price for the company from GBX 240 ($3.26) to GBX 220 ($2.98) in a research note on Thursday, March 8th. HSBC downgraded shares of Biffa to a “hold” rating and reduced their target price for the company from GBX 300 ($4.07) to GBX 250 ($3.39) in a research note on Thursday, March 8th. Finally, JPMorgan Chase reissued an “overweight” rating and issued a GBX 290 ($3.93) target price on shares of Biffa in a research note on Thursday, March 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 260.83 ($3.54).
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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