Swiss Re Ltd. (OTCMKTS:SSREY) Given Consensus Rating of “Reduce” by Brokerages

Swiss Re Ltd. (OTCMKTS:SSREY) has been assigned a consensus rating of “Reduce” from the nine brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a strong buy recommendation to the company.

Several brokerages have issued reports on SSREY. Berenberg Bank lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Citigroup downgraded Swiss Re from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. DZ Bank upgraded shares of Swiss Re from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Oddo Bhf downgraded shares of Swiss Re to a “neutral” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Swiss Re in a research note on Monday, December 8th.

Swiss Re Stock Down 0.3%

OTCMKTS SSREY opened at $39.46 on Wednesday. Swiss Re has a 52-week low of $37.28 and a 52-week high of $48.62. The company has a fifty day moving average of $41.86 and a 200-day moving average of $44.32.

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.