Swiss Re (OTCMKTS:SSREY) Reaches New 12-Month High – Time to Buy?

Swiss Re AG (OTCMKTS:SSREY)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $39.35 and last traded at $39.11, with a volume of 10075 shares traded. The stock had previously closed at $38.15.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Berenberg Bank upgraded shares of Swiss Re to a “strong-buy” rating in a research note on Monday, November 11th. Hsbc Global Res downgraded Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Citigroup upgraded Swiss Re to a “strong-buy” rating in a research report on Monday, November 18th. Finally, UBS Group raised Swiss Re from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Swiss Re Stock Down 0.3 %

The firm has a 50 day moving average price of $36.82 and a 200 day moving average price of $34.23.

About Swiss Re

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.