Swiss Re Ltd. (OTCMKTS:SSREY) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Swiss Re Ltd. has received a consensus rating of “Hold” from eight research firms, with varying recommendations including two sells, three holds, one buy, and two strong buys.
• Recent reports from analysts have seen BNP Paribas and Barclays downgrade Swiss Re’s stock to a “strong sell”, while Citigroup reaffirmed a “buy” rating.
• As of now, Swiss Re shares have traded between a one-year low of $29.25 and a high of $46.95, currently opening at $46.24.

Swiss Re Ltd. (OTCMKTS:SSREY - Get Free Report) has been given an average recommendation of "Hold" by the eight analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company.

Several research analysts recently weighed in on SSREY shares. BNP Paribas cut Swiss Re from a "hold" rating to a "strong sell" rating in a research report on Monday, June 2nd. Barclays lowered Swiss Re from a "hold" rating to a "strong sell" rating in a research note on Thursday, June 12th. Finally, Citigroup reissued a "buy" rating on shares of Swiss Re in a research note on Tuesday, May 20th.

Swiss Re Trading Down 3.0%

Shares of Swiss Re stock traded down $1.46 on Wednesday, reaching $46.45. 48,538 shares of the stock were exchanged, compared to its average volume of 30,033. The company has a current ratio of 12.70, a quick ratio of 12.70 and a debt-to-equity ratio of 0.27. Swiss Re has a twelve month low of $29.81 and a twelve month high of $48.50. The business has a 50 day moving average price of $44.10 and a two-hundred day moving average price of $42.67.

About Swiss Re

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.