Swiss Re (OTCMKTS:SSREY) Reaches New 1-Year High – Should You Buy?

Shares of Swiss Re AG (OTCMKTS:SSREY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.95 and last traded at $39.82, with a volume of 13594 shares. The stock had previously closed at $39.01.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SSREY shares. The Goldman Sachs Group upgraded shares of Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. Berenberg Bank upgraded shares of Swiss Re to a “strong-buy” rating in a research note on Monday, November 11th. Hsbc Global Res lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Citigroup raised Swiss Re to a “strong-buy” rating in a research report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Swiss Re Stock Up 2.1 %

The business’s fifty day moving average is $37.41 and its 200 day moving average is $35.05.

Swiss Re Company Profile

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.