Swiss Re Ltd. (OTCMKTS:SSREY) Receives Consensus Recommendation of “Reduce” from Brokerages

Swiss Re Ltd. (OTCMKTS:SSREY) has been assigned a consensus recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company.

Several research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Swiss Re in a report on Monday, December 8th. DZ Bank upgraded Swiss Re from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Oddo Bhf cut Swiss Re to a “neutral” rating in a research report on Tuesday, December 9th. UBS Group lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Finally, Citigroup downgraded Swiss Re from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th.

Swiss Re Stock Performance

Shares of SSREY opened at $41.79 on Friday. The business’s fifty day moving average price is $40.78 and its 200 day moving average price is $43.63. Swiss Re has a 12-month low of $37.56 and a 12-month high of $48.62.

Swiss Re Company Profile

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.