Swiss Life (OTCMKTS:SZLMY) Reaches New 52-Week High – Should You Buy?

Swiss Life Holding AG (OTCMKTS:SZLMY)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $61.27 and last traded at $60.84, with a volume of 2,752 shares traded. The stock had previously closed at $59.22.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Swiss Life to a “strong-buy” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Swiss Life Trading Up 2.8%

The firm has a 50-day simple moving average of $55.84 and a two-hundred day simple moving average of $55.94.

Swiss Life Company Profile

Swiss Life is a Switzerland-based insurance and financial services group headquartered in Zurich. Founded in 1857, the company provides insurance, retirement planning and financial advice to individuals, companies and institutional clients.

Its core activities include life insurance, occupational and private pension solutions, disability and income protection, and property and casualty insurance, particularly in Switzerland. Swiss Life also offers financial planning and advisory services through its distribution network, as well as asset management and investment solutions for institutional and private clients.

Swiss Life primarily serves customers in Switzerland, France and Germany, while also providing international insurance and employee-benefits solutions in selected markets.