Swiss Re (OTCMKTS:SSREY) Hits New 52-Week High – Should You Buy?

Swiss Re AG (OTCMKTS:SSREY) reached a new 52-week high on Wednesday . The company traded as high as $39.42 and last traded at $39.05, with a volume of 51767 shares. The stock had previously closed at $38.50.

Wall Street Analyst Weigh In

SSREY has been the subject of a number of recent analyst reports. Berenberg Bank raised Swiss Re to a “strong-buy” rating in a research report on Monday, November 11th. Citigroup raised shares of Swiss Re to a “strong-buy” rating in a research note on Monday, November 18th. The Goldman Sachs Group upgraded shares of Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. UBS Group raised Swiss Re from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods upgraded Swiss Re from a “moderate sell” rating to a “hold” rating in a research 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 company. Based on data from MarketBeat, Swiss Re currently has an average rating of “Buy”.

Swiss Re Stock Up 1.4 %

The business’s fifty day moving average is $37.07 and its two-hundred day moving average is $34.51.

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.