Michael Topham Sells 93,817 Shares of Biffa PLC (LON:BIFF) Stock
Biffa PLC (LON:BIFF) insider Michael Topham sold 93,817 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of GBX 196 ($2.41), for a total transaction of £183,881.32 ($226,287.62).
LON BIFF opened at GBX 196 ($2.41) on Friday. The firm’s 50-day moving average is GBX 220.50 and its two-hundred day moving average is GBX 240.20. Biffa PLC has a 12 month low of GBX 165.40 ($2.04) and a 12 month high of GBX 314 ($3.86). The company has a debt-to-equity ratio of 134.94, a current ratio of 0.96 and a quick ratio of 0.83. The stock has a market capitalization of $593.88 million and a P/E ratio of 10.95.
Several brokerages have recently weighed in on BIFF. JPMorgan Chase & Co. lowered their price target on shares of Biffa from GBX 300 ($3.69) to GBX 250 ($3.08) and set an “overweight” rating on the stock in a research report on Wednesday, June 24th. Peel Hunt lowered their price target on shares of Biffa from GBX 260 ($3.20) to GBX 240 ($2.95) and set a “hold” rating on the stock in a research report on Friday, June 12th. Citigroup raised shares of Biffa to a “neutral” rating and set a GBX 210 ($2.58) target price on the stock in a research report on Monday, June 15th. Finally, HSBC upped their target price on shares of Biffa from GBX 225 ($2.77) to GBX 230 ($2.83) and gave the company a “buy” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 241 ($2.97).
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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