Swiss Re (OTCMKTS:SSREY) Lifted to “Buy” at DZ Bank

Swiss Re (OTCMKTS:SSREYGet Rating) was upgraded by research analysts at DZ Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other brokerages have also recently issued reports on SSREY. JPMorgan Chase & Co. dropped their target price on Swiss Re from CHF 105 to CHF 100 in a research report on Thursday, April 14th. HSBC cut Swiss Re from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Societe Generale lowered their price objective on Swiss Re from CHF 98 to CHF 87 in a research report on Monday, July 25th. Barclays cut Swiss Re from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 1st. Finally, Royal Bank of Canada initiated coverage on Swiss Re in a research report on Wednesday, July 6th. They issued a “sector perform” rating for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $90.86.

Swiss Re Stock Performance

Shares of OTCMKTS SSREY opened at $18.93 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $19.19 and its two-hundred day simple moving average is $21.91. Swiss Re has a 12-month low of $18.00 and a 12-month high of $27.75.

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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