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

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

A number of brokerages recently issued reports on SSREY. Oddo Bhf downgraded shares of Swiss Re to a “neutral” rating in a report 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, January 21st. UBS Group lowered shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Berenberg Bank cut Swiss Re from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Swiss Re in a research note on Monday, December 8th.

Swiss Re Stock Up 1.6%

OTCMKTS:SSREY opened at $41.58 on Thursday. The company has a 50 day moving average price of $40.88 and a 200-day moving average price of $43.14. Swiss Re has a 1-year low of $37.56 and a 1-year 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.