Walgreens Boots Alliance (WBA) Receives ‘Analyst’ Rating

Walgreens Boots Alliance (WBA) : 6 brokerage houses believe that Walgreens Boots Alliance (WBA) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Walgreens Boots Alliance (WBA). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 1.88.

Walgreens Boots Alliance (WBA) : The consensus price target for Walgreens Boots Alliance (WBA) is $92.62 for the short term with a standard deviation of $6.53. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $103, however, the pessimist price target for the company is $79.


Also, In the latest statement by the brokerage house, Credit Suisse maintains its outlook on Walgreens Boots Alliance (NASDAQ:WBA). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm maintains the price target at $95 per share. The rating by the firm was issued on September 1, 2016.

Walgreens Boots Alliance (NASDAQ:WBA): After opening at $80.83, the stock dipped to an intraday low of $80.6922 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $81.66 and the buying power remained strong till the end. The stock closed at $81.4 for the day, a gain of 0.52% for the day session. The total traded volume was 5,529,974. The stocks close on the previous trading day was $80.98.

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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