JPMorgan Chase & Co. Reaffirms Buy Rating for Swiss Re Ltd. (SSREY)
Swiss Re Ltd. (OTCMKTS:SSREY)‘s stock had its “buy” rating reissued by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday.
A number of other equities analysts have also recently issued reports on the company. Societe Generale cut Swiss Re from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. Citigroup Inc. cut Swiss Re from a “neutral” rating to a “sell” rating in a report on Thursday, August 18th. Finally, DZ Bank AG restated a “buy” rating on shares of Swiss Re in a report on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Swiss Re currently has a consensus rating of “Hold”.
Shares of Swiss Re (OTCMKTS:SSREY) opened at 22.13 on Thursday. Swiss Re has a 1-year low of $20.10 and a 1-year high of $25.10. The stock has a market capitalization of $29.36 billion, a PE ratio of 7.77 and a beta of 0.93. The stock has a 50 day moving average price of $21.85 and a 200-day moving average price of $21.91.
About Swiss Re
Swiss Re AG is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. The Company’s clients include insurance companies, mid- to large-sized corporations and public sector clients. Its segments include Property&Casualty Reinsurance, Life&Health Reinsurance, Corporate Solutions and Admin Re.
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