Swiss Re (OTCMKTS:SSREY) Hits New 52-Week High – Should You Buy?

Shares of Swiss Re AG (OTCMKTS:SSREY) hit a new 52-week high during trading on Tuesday . The company traded as high as $39.35 and last traded at $39.11, with a volume of 10075 shares trading hands. The stock had previously closed at $38.15.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SSREY shares. Berenberg Bank upgraded shares of Swiss Re to a “strong-buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods upgraded Swiss Re from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup raised 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 note on Friday, December 13th. Finally, UBS Group upgraded Swiss Re from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Swiss Re Price Performance

The firm’s fifty day moving average price is $36.68 and its two-hundred day moving average price is $34.12.

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.