UBS Group Reiterates CHF 78 Price Target for Swiss Re (SREN)
Swiss Re (VTX:SREN) has been given a CHF 78 target price by equities researchers at UBS Group in a research note issued on Monday, www.boersen-zeitung.de reports. The firm currently has a “sell” rating on the stock. UBS Group’s price target indicates a potential downside of 19.69% from the company’s current price.
A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. set a CHF 120 price target on shares of Swiss Re and gave the stock a “buy” rating in a research report on Friday. Goldman Sachs Group set a CHF 103 price target on shares of Swiss Re and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Barclays set a CHF 100 price target on shares of Swiss Re and gave the stock a “buy” rating in a research report on Friday, October 12th. Commerzbank set a CHF 95 target price on shares of Swiss Re and gave the company a “neutral” rating in a report on Tuesday, September 25th. Finally, Societe Generale set a CHF 102 target price on shares of Swiss Re and gave the company a “buy” rating in a report on Thursday, August 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of CHF 99.33.
SREN opened at CHF 97.12 on Monday. Swiss Re has a twelve month low of CHF 81.65 and a twelve month high of CHF 98.80.
Swiss Re AG is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. The Company operates in four segments: Property&Casualty Reinsurance, Life&Health Reinsurance, Corporate Solutions and Life Capital. Its Reinsurance Unit provides premiums and fee income through Property&Casualty and Life&Health segments.
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