Swiss Re (OTCMKTS:SSREY) Reaches New 1-Year High – Time to Buy?

Swiss Re AG (OTCMKTS:SSREY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $38.17 and last traded at $38.03, with a volume of 17432 shares changing hands. The stock had previously closed at $37.54.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SSREY shares. The Goldman Sachs Group raised Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. Keefe, Bruyette & Woods raised shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a report on Wednesday, November 20th. Berenberg Bank raised Swiss Re to a “strong-buy” rating in a report on Monday, November 11th. Citigroup raised shares of Swiss Re to a “strong-buy” rating in a report on Monday, November 18th. Finally, UBS Group raised shares of Swiss Re from a “strong sell” rating to a “strong-buy” rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Swiss Re currently has a consensus rating of “Buy”.

Swiss Re Trading Up 1.3 %

The business’s fifty day simple moving average is $36.44 and its 200 day simple moving average is $33.97.

Swiss Re Company Profile

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.