Walgreens Boots Alliance (WBA): Price Target and June Short Interest Disclosure

Walgreens Boots Alliance (WBA) : The highest short term price target forecast on Walgreens Boots Alliance (WBA) is $103 and the lowest target price is $79. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $93.27 with a standard deviation of $6.35.

The short interest in Walgreens Boots Alliance (WBA) has increased from 9,679,772 on June 15,2016 to 10,777,732 on June 30,2016. The change was measured at 1,097,960 shares or 11.3%. The leftover shorts were 1.2% of the floated shares. The days to cover are 2, given the average daily volume of 5,681,709 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Walgreens Boots Alliance (NASDAQ:WBA). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays raises the price target from $76 per share to $79 per share. The rating by the firm was issued on July 7, 2016.


Walgreens Boots Alliance (NASDAQ:WBA): stock turned positive on Thursday. Though the stock opened at $82.66, the bulls momentum made the stock top out at $84.19 level for the day. The stock recorded a low of $82.33 and closed the trading day at $83.78, in the green by 2.46%. The total traded volume for the day was 7,002,069. The stock had closed at $81.77 in the previous days trading.

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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