Swiss Re (OTCMKTS:SSREY) Hits New 52-Week High – Still a Buy?

Swiss Re AG (OTCMKTS:SSREY)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $39.95 and last traded at $39.82, with a volume of 13594 shares traded. The stock had previously closed at $39.01.

Analyst Ratings Changes

Several research firms recently weighed in on SSREY. The Goldman Sachs Group raised Swiss Re from a “strong sell” rating to a “hold” rating in a research report on Friday, December 13th. Keefe, Bruyette & Woods upgraded Swiss Re from a “moderate sell” rating to a “hold” rating in a report on Wednesday, November 20th. Berenberg Bank upgraded shares of Swiss Re to a “strong-buy” rating in a report on Monday, November 11th. UBS Group upgraded shares of Swiss Re from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Hsbc Global Res lowered shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Swiss Re Stock Performance

The company has a fifty day moving average price of $37.41 and a 200-day moving average price of $35.05.

Swiss Re Company Profile

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.