Swiss Re (VTX:SREN) has been assigned a CHF 110 price objective by JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 16.82% from the stock’s current price.
A number of other brokerages have also recently weighed in on SREN. Commerzbank set a CHF 92 price target on shares of Swiss Re and gave the stock a “sell” rating in a research 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 research report on Tuesday, October 31st. Deutsche Bank reissued a “buy” rating on shares of Swiss Re in a research report on Friday, February 9th. Royal Bank of Canada set a CHF 100 price target on shares of Swiss Re and gave the stock a “neutral” rating in a research 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 research report on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Swiss Re currently has an average rating of “Hold” and a consensus target price of CHF 96.62.
Swiss Re (SREN) opened at CHF 94.16 on Wednesday. Swiss Re has a 52 week low of CHF 81.65 and a 52 week high of CHF 96.30. The stock has a market cap of $32,750.00 and a P/E ratio of 12.34.
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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