Barclays Downgrades Swiss Re (OTCMKTS:SSREY) to Strong Sell

Swiss Re (OTCMKTS:SSREY - Get Free Report) was downgraded by equities researchers at Barclays from a "hold" rating to a "strong sell" rating in a note issued to investors on Thursday, MarketBeat reports.

Other equities analysts have also issued reports about the company. Citigroup reissued a "buy" rating on shares of Swiss Re in a report on Tuesday, May 20th. BNP Paribas lowered Swiss Re from a "hold" rating to a "strong sell" rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Swiss Re has an average rating of "Hold".

Swiss Re Price Performance

OTCMKTS SSREY traded down $0.40 on Thursday, hitting $41.57. 33,407 shares of the stock traded hands, compared to its average volume of 28,399. The business's fifty day moving average is $44.02 and its two-hundred day moving average is $40.69. Swiss Re has a 12 month low of $29.00 and a 12 month 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.