Swiss Re (OTCMKTS:SSREY) Shares Gap Up – Time to Buy?

Swiss Re Ltd. (OTCMKTS:SSREY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $41.53, but opened at $43.16. Swiss Re shares last traded at $42.0150, with a volume of 988 shares.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Berenberg Bank lowered shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. UBS Group cut Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Citigroup lowered Swiss Re from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Oddo Bhf cut Swiss Re to a “neutral” rating in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Swiss Re in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Swiss Re Trading Up 0.2%

The business has a 50-day simple moving average of $43.99 and a 200-day simple moving average of $44.54.

About Swiss Re

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.