Swiss Re AG (OTCMKTS:SSREF) has received an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $95.50.
A number of equities research analysts have recently weighed in on SSREF shares. Royal Bank of Canada restated a “buy” rating on shares of Swiss Re in a report on Sunday, July 11th. Commerzbank downgraded shares of Swiss Re to a “hold” rating and set a $93.00 target price on the stock. in a research report on Monday, July 19th. JPMorgan Chase & Co. downgraded shares of Swiss Re to a “hold” rating and set a $98.00 target price on the stock. in a research report on Monday, September 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swiss Re in a research report on Thursday, August 12th.
Shares of SSREF opened at $91.20 on Tuesday. Swiss Re has a twelve month low of $68.72 and a twelve month high of $101.64. The firm’s fifty day simple moving average is $91.73 and its 200-day simple moving average is $94.20.
Swiss Re AG engages in the provision of reinsurance, insurance and other insurance-based forms of risk transfer. It operates through the following segments: Property and Casualty Reinsurance, Life and Health Reinsurance, Corporate Solutions, Life Capital, and Group Items. The Property and Casualty segment comprises of the business lines property, casualty including motor, and specialty.
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