Swiss Re (OTCMKTS:SSREY) Sets New 12-Month High – Time to Buy?

Swiss Re AG (OTCMKTS:SSREY) shares hit a new 52-week high on Thursday . The company traded as high as $36.08 and last traded at $35.87, with a volume of 22782 shares trading hands. The stock had previously closed at $35.69.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup upgraded Swiss Re to a “strong-buy” rating in a report on Monday, November 18th. UBS Group raised Swiss Re from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, November 11th. Berenberg Bank raised shares of Swiss Re to a “strong-buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods upgraded shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group raised Swiss Re to a “strong sell” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a strong buy rating to the company. According to MarketBeat, Swiss Re currently has an average rating of “Buy”.

Swiss Re Price Performance

The firm has a fifty day moving average of $33.77 and a 200 day moving average of $32.14.

Swiss Re Company Profile

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.