Swiss Re (OTCMKTS:SSREY) Hits New 1-Year High – Should You Buy?

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SSREY. The Goldman Sachs Group raised Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. Hsbc Global Res cut 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 research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods raised shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Swiss Re Trading Up 0.7 %

The stock’s fifty day simple moving average is $38.79 and its two-hundred day simple moving average is $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.