Walgreens Boots Alliance (WBA) : Analyst Rating Update

Walgreens Boots Alliance (WBA) has an average broker rating of 1.72, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Walgreens Boots Alliance (WBA) : The highest short term price target forecast on Walgreens Boots Alliance (WBA) is $103 and the lowest target price is $76. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $93.87 with a standard deviation of $6.49.

Walgreens Boots Alliance (NASDAQ:WBA): The stock opened at $82.15 on Wednesday but the bulls could not build on the opening and the stock topped out at $82.84 for the day. The stock traded down to $80.58 during the day, due to lack of any buying support eventually closed down at $81.55 with a loss of -2.36% for the day. The stock had closed at $83.52 on the previous day. The total traded volume was 10,537,783 shares.

Also, Bank of America reinstates its view on Walgreens Boots Alliance (NASDAQ:WBA) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on June 7, 2016. The company shares have dropped -2.78% 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 $80.30 and the 200 Day Moving Average price is recorded at $80.67.

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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