Swiss Re AG (SREN) Given a CHF 89 Price Target at Credit Suisse Group
Swiss Re AG (VTX:SREN) received a CHF 89 target price from investment analysts at Credit Suisse Group in a research note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock.
Several other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Swiss Re AG in a research report on Friday, August 4th. Deutsche Bank AG set a CHF 104 price objective on shares of Swiss Re AG and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley set a CHF 104.30 price objective on shares of Swiss Re AG and gave the stock a “buy” rating in a research report on Friday, July 21st. J P Morgan Chase & Co set a CHF 111 price objective on shares of Swiss Re AG and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, HSBC Holdings plc set a CHF 103 price objective on shares of Swiss Re AG and gave the stock a “buy” rating in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of CHF 93.96.
Swiss Re AG (VTX SREN) traded down 0.48% during mid-day trading on Friday, reaching CHK 93.90. The company’s stock had a trading volume of 2,191,207 shares. The company’s 50-day moving average price is CHK 88.57 and its 200 day moving average price is CHK 88.85. Swiss Re AG has a 52 week low of CHK 81.65 and a 52 week high of CHK 98.50. The firm has a market capitalization of CHK 30.20 billion and a price-to-earnings ratio of 11.48.
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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