Deutsche Bank AG Reiterates “CHF 104” Price Target for Swiss Re AG (SREN)
Swiss Re AG (VTX:SREN) has been assigned a CHF 104 price objective by equities research analysts at Deutsche Bank AG in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock.
A number of other research firms have also weighed in on SREN. J P Morgan Chase & Co set a CHF 111 target price on shares of Swiss Re AG and gave the stock a “buy” rating in a report on Monday, July 10th. HSBC Holdings plc set a CHF 103 target price on shares of Swiss Re AG and gave the stock a “buy” rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) set a CHF 99 target price on shares of Swiss Re AG and gave the stock a “buy” rating in a report on Tuesday, July 4th. UBS AG set a CHF 80 target price on shares of Swiss Re AG and gave the stock a “sell” rating in a report on Monday, June 19th. Finally, Royal Bank Of Canada set a CHF 102 target price on shares of Swiss Re AG and gave the stock a “buy” rating in a report on Thursday, June 8th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Swiss Re AG presently has a consensus rating of “Hold” and an average target price of CHF 93.57.
Swiss Re AG (SREN) traded up 0.54% during mid-day trading on Friday, hitting CHK 83.35. The company had a trading volume of 3,177,026 shares. Swiss Re AG has a 12-month low of CHK 81.65 and a 12-month high of CHK 98.50. The firm has a market capitalization of CHK 26.81 billion and a PE ratio of 10.19. The company’s 50 day moving average price is CHK 89.08 and its 200-day moving average price is CHK 89.20.
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About Swiss Re AG
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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