Swiss Re AG (OTCMKTS:SSREY) Given Average Rating of “Hold” by Brokerages

Shares of Swiss Re AG (OTCMKTS:SSREY – Get Rating) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $91.50.

SSREY has been the subject of a number of recent research reports. HSBC downgraded shares of Swiss Re from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of Swiss Re from CHF 105 to CHF 100 in a research note on Thursday, April 14th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Swiss Re from CHF 96 to CHF 95 in a research note on Wednesday, March 16th. Barclays dropped their price target on shares of Swiss Re from CHF 98 to CHF 95 and set an “overweight” rating for the company in a research note on Wednesday, April 20th. Finally, Morgan Stanley lowered their price objective on shares of Swiss Re from CHF 95 to CHF 85 in a research report on Tuesday, May 10th.

Shares of Swiss Re stock opened at $18.97 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.44. Swiss Re has a fifty-two week low of $18.82 and a fifty-two week high of $27.75. The firm has a 50-day simple moving average of $20.76 and a two-hundred day simple moving average of $23.33.

The firm also recently declared a dividend, which was paid on Thursday, April 28th. Shareholders of record on Wednesday, April 20th were given a $0.9802 dividend. The ex-dividend date of this dividend was Tuesday, April 19th. This represents a yield of 4.15%.

Swiss Re Company Profile (Get Rating)

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 Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.

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• Get a free copy of the StockNews.com research report on Swiss Re (SSREY)
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