Swiss Re (OTCMKTS:SSREY) Shares Gap Up – Here’s Why

Swiss Re Ltd. (OTCMKTS:SSREY) gapped up prior to trading 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 trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SSREY shares. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Swiss Re in a research report on Monday, December 8th. The Goldman Sachs Group cut Swiss Re from a “hold” rating to a “sell” rating in a research note on Wednesday, January 21st. Oddo Bhf downgraded Swiss Re to a “neutral” rating in a research report on Tuesday, December 9th. UBS Group lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Finally, Citigroup downgraded shares of Swiss Re from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Swiss Re Trading Up 3.7%

The business has a fifty day simple moving average of $40.89 and a 200-day simple moving average of $43.51.

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.