Swiss Re AG (OTCMKTS:SSREY – Get Rating) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $25.60 and traded as low as $23.58. Swiss Re shares last traded at $23.62, with a volume of 35,199 shares.
Analyst Upgrades and Downgrades
SSREY has been the subject of several recent analyst reports. Bank of America lowered shares of Swiss Re from a “neutral” rating to an “underperform” rating in a research note on Tuesday, December 6th. HSBC upgraded Swiss Re from a “hold” rating to a “buy” rating in a research note on Thursday, February 9th. JPMorgan Chase & Co. upgraded Swiss Re from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 8th. Societe Generale cut their price target on shares of Swiss Re from CHF 85.40 to CHF 83 and set a “hold” rating on the stock in a report on Wednesday, December 14th. Finally, Barclays boosted their price target on shares of Swiss Re from CHF 79 to CHF 83 and gave the stock an “equal weight” rating in a report on Tuesday, November 22nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Swiss Re has a consensus rating of “Hold” and an average price target of $82.00.
Swiss Re Trading Down 2.8 %
The company has a 50-day moving average price of $25.60 and a two-hundred day moving average price of $22.46.
Swiss Re Company Profile
Swiss Re AG engages in the provision of reinsurance, insurance and other insurance-based forms of risk transfer. It operates through the following segments: Property and Casualty Reinsurance, Life and Health Reinsurance, Corporate Solutions, Life Capital, and Group Items. The Property and Casualty segment comprises of the business lines property, casualty including motor, and specialty.
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