Swiss Re (OTCMKTS:SSREY) Hits New 12-Month High – Still a Buy?

Shares of Swiss Re AG (OTCMKTS:SSREY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.64 and last traded at $40.32, with a volume of 6997 shares trading hands. The stock had previously closed at $39.04.

Analysts Set New Price Targets

A number of analysts have recently commented on SSREY shares. Hsbc Global Res downgraded Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Berenberg Bank upgraded Swiss Re to a “strong-buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods raised shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group upgraded shares of Swiss Re from a “strong sell” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Citigroup upgraded shares of Swiss Re to a “strong-buy” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Swiss Re Trading Up 3.3 %

The business has a 50-day simple moving average of $37.66 and a 200-day simple moving average of $35.43.

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.