Insider Selling: Biffa PLC (LON:BIFF) Insider Sells 23,000 Shares of Stock

Biffa PLC (LON:BIFF) insider David Gooding sold 23,000 shares of Biffa stock in a transaction dated Thursday, November 23rd. The stock was sold at an average price of GBX 260 ($3.50), for a total value of £59,800 ($80,484.52).

Biffa PLC (LON:BIFF) traded down GBX 1.75 ($0.02) during midday trading on Wednesday, hitting GBX 248.25 ($3.34). The stock had a trading volume of 352,930 shares, compared to its average volume of 438,246. Biffa PLC has a fifty-two week low of GBX 171.50 ($2.31) and a fifty-two week high of GBX 265 ($3.57).

The business also recently declared a dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 7th will be given a dividend of GBX 2.17 ($0.03) per share. This represents a yield of 0.84%. The ex-dividend date is Thursday, December 7th.

Several analysts have commented on the company. Numis Securities restated a “buy” rating and issued a GBX 285 ($3.84) price target on shares of Biffa in a report on Wednesday, November 22nd. Beaufort Securities lifted their price objective on Biffa from GBX 250 ($3.36) to GBX 270 ($3.63) and gave the company a “buy” rating in a research note on Friday, September 8th. Finally, J P Morgan Chase & Co lifted their price objective on Biffa from GBX 260 ($3.50) to GBX 270 ($3.63) and gave the company an “overweight” rating in a research note on Friday, September 8th. Five investment analysts have rated the stock with a buy rating, Biffa has an average rating of “Buy” and a consensus price target of GBX 266 ($3.58).

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About Biffa

Biffa plc is engaged in waste management business. The Company is engaged in collection, treatment, processing and disposal of waste and recyclable materials, as well as related work in the production and sale of energy derived from waste and the sale of recovered commodities, such as paper, glass, metals and plastic.

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