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

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

Several equities analysts have recently issued reports on SSREY shares. Oddo Bhf downgraded shares of Swiss Re to a “neutral” rating in a research note on Tuesday, December 9th. Citigroup lowered Swiss Re from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. UBS Group downgraded Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Royal Bank Of Canada reissued an “underperform” rating on shares of Swiss Re in a research note on Monday, December 8th. Finally, Berenberg Bank lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th.

Swiss Re Trading Up 0.6%

Shares of OTCMKTS SSREY opened at $42.44 on Friday. The company has a 50 day simple moving average of $40.72 and a 200 day simple moving average of $43.71. Swiss Re has a 1 year low of $37.56 and a 1 year 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.