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

Swiss Re Ltd. (OTCMKTS:SSREY) 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 trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup cut shares of Swiss Re from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. UBS Group cut shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Swiss Re in a research note on Monday, December 8th. DZ Bank raised shares of Swiss Re from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Berenberg Bank downgraded shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. One 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 stock. Based on data from MarketBeat.com, Swiss Re has an average rating of “Reduce”.

Swiss Re Price Performance

The firm has a 50 day simple moving average of $44.18 and a 200-day simple moving average of $44.58.

Swiss Re Company Profile

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.