Swiss Re AG (SREN) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Swiss Re AG (VTX:SREN) have been assigned an average recommendation of “Hold” from the twenty ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is CHF 95.05.
A number of equities research analysts have weighed in on SREN shares. Goldman Sachs Group set a CHF 99 price objective on Swiss Re and gave the company a “buy” rating in a report on Monday, September 11th. BNP Paribas set a CHF 77 price objective on Swiss Re and gave the company a “sell” rating in a report on Monday, August 28th. Deutsche Bank set a CHF 104 price target on Swiss Re and gave the stock a “buy” rating in a research note on Monday, August 28th. UBS set a CHF 79 price target on Swiss Re and gave the stock a “sell” rating in a research note on Tuesday, October 10th. Finally, Jefferies Group set a CHF 91 price target on Swiss Re and gave the stock a “neutral” rating in a research note on Thursday, August 31st.
Swiss Re (SREN) opened at CHF 92.20 on Friday. Swiss Re has a 52-week low of CHF 81.65 and a 52-week high of CHF 98.50.
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About Swiss Re
Swiss Re AG is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. The Company operates in four segments: Property&Casualty Reinsurance, Life&Health Reinsurance, Corporate Solutions and Life Capital. Its Reinsurance Unit provides premiums and fee income through Property&Casualty and Life&Health segments.
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