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

Swiss Re AG (OTCMKTS:SSREY) reached a new 52-week high on Tuesday . The stock traded as high as $41.37 and last traded at $40.89, with a volume of 15375 shares changing hands. The stock had previously closed at $40.10.

Analyst Ratings Changes

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

Swiss Re Stock Up 2.0 %

The stock has a 50 day moving average of $37.98 and a 200 day moving average of $35.70.

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.