Swiss Re (OTCMKTS:SSREY) Sets New 52-Week High – Here’s Why

Swiss Re AG (OTCMKTS:SSREY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.64 and last traded at $40.32, with a volume of 6997 shares. The stock had previously closed at $39.04.

Analysts Set New Price Targets

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

Swiss Re Stock Performance

The stock has a 50-day simple moving average of $37.66 and a 200 day simple moving average of $35.43.

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.