Swiss Re (OTCMKTS:SSREY) Sets New 52-Week High – Here’s What Happened

Shares of Swiss Re AG (OTCMKTS:SSREY) hit a new 52-week high on Friday . The stock traded as high as $41.86 and last traded at $41.81, with a volume of 13590 shares trading hands. The stock had previously closed at $41.50.

Wall Street Analysts Forecast Growth

SSREY has been the topic of a number of recent analyst reports. Hsbc Global Res lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Citigroup upgraded Swiss Re to a “strong-buy” rating in a report on Monday, November 18th. The Goldman Sachs Group upgraded Swiss Re from a “strong sell” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Keefe, Bruyette & Woods raised Swiss Re from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Swiss Re Stock Performance

The firm has a 50-day moving average price of $38.79 and a 200-day moving average price of $36.14.

About Swiss Re

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.