Swiss Re (OTCMKTS:SSREY) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Swiss Re AG (OTCMKTS:SSREY) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $34.79 and traded as high as $36.60. Swiss Re shares last traded at $36.07, with a volume of 24,795 shares traded.

Wall Street Analyst Weigh In

SSREY has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded Swiss Re from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, November 20th. UBS Group raised Swiss Re from a “strong sell” rating to a “strong-buy” rating in a report on Monday, November 11th. The Goldman Sachs Group upgraded Swiss Re from a “strong sell” rating to a “hold” rating in a research report on Friday, December 13th. Berenberg Bank upgraded Swiss Re to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Citigroup raised shares of Swiss Re to a “strong-buy” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Swiss Re Stock Down 2.4 %

The stock’s 50 day moving average is $34.79 and its two-hundred day moving average is $33.03.

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.