Swiss Re (OTCMKTS:SSREY) Reaches New 12-Month High – Still a Buy?

Swiss Re AG (OTCMKTS:SSREY)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $39.42 and last traded at $39.05, with a volume of 51767 shares trading hands. The stock had previously closed at $38.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Berenberg Bank upgraded Swiss Re to a “strong-buy” rating in a research report on Monday, November 11th. UBS Group upgraded Swiss Re from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, November 11th. Citigroup upgraded shares of Swiss Re to a “strong-buy” rating in a research report on Monday, November 18th. Keefe, Bruyette & Woods raised shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group raised Swiss Re from a “strong sell” rating to a “hold” rating in a research note on Friday, December 13th. Three analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Swiss Re currently has a consensus rating of “Buy”.

Swiss Re Trading Up 1.4 %

The company has a fifty day moving average price of $37.07 and a two-hundred day moving average price of $34.51.

Swiss Re Company Profile

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.