Swiss Re Ltd. (OTCMKTS:SSREY) Given Average Recommendation of “Reduce” by Brokerages

Shares of Swiss Re Ltd. (OTCMKTS:SSREY) have been given an average recommendation of “Reduce” by the nine ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company.

A number of analysts have weighed in on the stock. DZ Bank raised shares of Swiss Re from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Citigroup lowered shares of Swiss Re from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group cut shares of Swiss Re from a “hold” rating to a “sell” rating in a report on Wednesday. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Swiss Re in a report on Monday, December 8th. Finally, Oddo Bhf downgraded Swiss Re to a “neutral” rating in a report on Tuesday, December 9th.

Swiss Re Price Performance

SSREY stock opened at $39.25 on Wednesday. The stock’s 50 day simple moving average is $41.37 and its 200 day simple moving average is $44.22. Swiss Re has a 12-month low of $37.56 and a 12-month high of $48.62.

About Swiss Re

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.