Analysts Set Swiss Re AG (OTCMKTS:SSREY) Price Target at $92.80

Shares of Swiss Re AG (OTCMKTS:SSREYGet Rating) have received a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $92.80.

SSREY has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Swiss Re from CHF 105 to CHF 100 in a research note on Thursday, April 14th. UBS Group upped their price objective on shares of Swiss Re from CHF 84 to CHF 87 in a report on Friday, January 28th. Morgan Stanley assumed coverage on shares of Swiss Re in a report on Tuesday, February 8th. They set an “underweight” rating on the stock. Oddo Bhf downgraded shares of Swiss Re from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Swiss Re from CHF 96 to CHF 95 in a report on Wednesday, March 16th.

OTCMKTS SSREY traded down $0.48 on Friday, hitting $20.45. 88,500 shares of the company were exchanged, compared to its average volume of 83,287. Swiss Re has a 12 month low of $20.00 and a 12 month high of $27.75. The stock has a fifty day moving average of $22.79 and a 200-day moving average of $24.19. 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 firm also recently announced a dividend, which was paid on Thursday, April 28th. Stockholders of record on Wednesday, April 20th were issued a $0.9802 dividend. This represents a dividend yield of 4.15%. The ex-dividend date of this dividend was Tuesday, April 19th.

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.

Further Reading

Analyst Recommendations for Swiss Re (OTCMKTS:SSREY)

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