Walgreens Boots Alliance (WBA) Receives Price Target

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.

Walgreens Boots Alliance (WBA) : The consensus on Walgreens Boots Alliance (WBA) based on 14 analyst recommendation on the company stock is 1.82, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Major Brokerage house, Keefe Bruyette & Woods downgrades its ratings on Walgreens Boots Alliance (NASDAQ:WBA). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on July 22, 2016.

Walgreens Boots Alliance (NASDAQ:WBA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.04 and $80.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.54, notching a gain of 1.03% for the day. The total traded volume was 3,296,108 . The stock had closed at $80.71 on the previous day.

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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