Swiss Re (OTCMKTS:SSREY) Shares Gap Up – Should You Buy?

Shares of Swiss Re Ltd. (OTCMKTS:SSREY) gapped up before the market opened on Friday . The stock had previously closed at $42.39, but opened at $44.41. Swiss Re shares last traded at $44.45, with a volume of 7,919 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SSREY. Citigroup lowered shares of Swiss Re from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Royal Bank Of Canada reissued an “underperform” rating on shares of Swiss Re in a research note on Monday, December 8th. DZ Bank upgraded Swiss Re from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Oddo Bhf downgraded Swiss Re to a “neutral” rating in a research report on Tuesday, December 9th. Finally, The Goldman Sachs Group lowered Swiss Re from a “hold” rating to a “sell” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Swiss Re presently has a consensus rating of “Reduce”.

Swiss Re Price Performance

The stock has a 50 day moving average price of $40.95 and a 200-day moving average price of $43.47.

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.