Swiss Re (OTCMKTS:SSREY) Rating Lowered to "Strong Sell" at BNP Paribas

Swiss Re (OTCMKTS:SSREY - Get Free Report) was downgraded by stock analysts at BNP Paribas from a "hold" rating to a "strong sell" rating in a research note issued on Monday,Zacks.com reports.

Separately, Citigroup restated a "buy" rating on shares of Swiss Re in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Swiss Re Stock Up 1.2%

Swiss Re stock traded up $0.53 during midday trading on Monday, hitting $44.17. 23,513 shares of the stock were exchanged, compared to its average volume of 27,043. The company has a fifty day simple moving average of $43.77 and a two-hundred day simple moving average of $40.39. Swiss Re has a 52 week low of $29.00 and a 52 week high of $46.89.

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.