Price Target Update on Walgreens Boots Alliance (NASDAQ:WBA)

Walgreens Boots Alliance (NASDAQ:WBA) : The highest level Walgreens Boots Alliance (NASDAQ:WBA) is projected to reach is $103 for the short term and the lowest estimate is at $76. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $93.87 and the possibility the share price can swing is $6.49.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Bank of America reinstates its rating on Walgreens Boots Alliance (NASDAQ:WBA).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on June 7, 2016.

Walgreens Boots Alliance (NASDAQ:WBA): stock turned positive on Thursday. Though the stock opened at $84.3, the bulls momentum made the stock top out at $85.09 level for the day. The stock recorded a low of $83.71 and closed the trading day at $85.06, in the green by 1.58%. The total traded volume for the day was 4,708,177. The stock had closed at $83.74 in the previous days trading.

The company shares have dropped -3.03% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $97.30 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $79.80 and the 200 Day Moving Average price is recorded at $80.75. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Wilson-Thompson Kathleen, officer (EVP and Global Chief HRO) of Walgreens Boots Alliance, Inc., had unloaded 29,603 shares at an average price of $83.13 in a transaction dated on June 10, 2016. The total value of the transaction was worth $2,460,897.

Walgreens Boots Alliance, Inc. (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led health and wellbeing enterprise. It operates through three segments: Retail Pharmacy USA, which consists of the Walgreens business, including the operation of retail drugstores and convenient care clinics, in addition to providing specialty pharmacy services; Retail Pharmacy International, which consists of the Alliance Boots pharmacy-led health and beauty stores, optical practices and related contract manufacturing operations, and Pharmaceutical Wholesale, which consists of the Alliance Boots pharmaceutical wholesaling and distribution businesses. Its portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as global health and beauty product brands, including No7, Botanics, and Soap & Glory. Walgreens Boots Alliance, through its subsidiary, Liz Earle Beauty Co. Ltd, offers the Liz Earle skincare brand.

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