Swiss Re Ltd. (OTCMKTS:SSREY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Swiss Re Ltd. (OTCMKTS:SSREY) have received a consensus rating of “Reduce” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a strong buy recommendation to the company.

Several research analysts recently commented on the company. Citigroup cut Swiss Re from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada restated an “underperform” rating on shares of Swiss Re in a research note on Monday, December 8th. DZ Bank raised shares of Swiss Re from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Oddo Bhf cut shares of Swiss Re to a “neutral” rating in a research note on Tuesday, December 9th. Finally, UBS Group lowered shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th.

Swiss Re Price Performance

Shares of OTCMKTS:SSREY opened at $42.08 on Friday. Swiss Re has a 1-year low of $35.39 and a 1-year high of $48.62. The business’s 50 day moving average is $43.91 and its 200-day moving average is $44.53.

Swiss Re Company Profile

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.