Swiss Re (VTX:SREN) has been assigned a CHF 84 price objective by equities researchers at UBS Group in a report issued on Thursday, www.boersen-zeitung.de reports. The brokerage presently has a “sell” rating on the stock. UBS Group’s target price suggests a potential downside of 10.94% from the company’s previous close.
A number of other research firms have also recently commented on SREN. Commerzbank set a CHF 92 price target on shares of Swiss Re and gave the stock a “sell” rating in a report on Thursday, November 2nd. Goldman Sachs Group set a CHF 95 price target on shares of Swiss Re and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Deutsche Bank set a CHF 110 price target on shares of Swiss Re and gave the stock a “buy” rating in a report on Wednesday, October 25th. Royal Bank of Canada set a CHF 100 price target on shares of Swiss Re and gave the stock a “neutral” rating in a report on Tuesday, January 16th. Finally, Sanford C. Bernstein set a CHF 87 price target on shares of Swiss Re and gave the stock a “neutral” rating in a report on Friday, November 17th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of CHF 96.62.
Shares of Swiss Re (VTX SREN) opened at CHF 94.32 on Thursday. The company has a market cap of $33,230.00 and a price-to-earnings ratio of 12.25. Swiss Re has a twelve month low of CHF 81.65 and a twelve month high of CHF 96.30.
About Swiss Re
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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