Swiss Re (OTCMKTS:SSREY) Hits New 52-Week High - Here's What Happened

Swiss Re AG (OTCMKTS:SSREY - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $41.37 and last traded at $40.89, with a volume of 15375 shares trading hands. The stock had previously closed at $40.10.

Analysts Set New Price Targets

SSREY has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded shares of Swiss Re from a "strong sell" rating to a "hold" rating in a report on Friday, December 13th. Keefe, Bruyette & Woods raised shares of Swiss Re from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Berenberg Bank raised Swiss Re to a "strong-buy" rating in a research report on Monday, November 11th. Hsbc Global Res cut Swiss Re from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. Finally, Citigroup upgraded Swiss Re to a "strong-buy" rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy".

Swiss Re Stock Down 1.8 %

The stock's 50 day moving average is $38.27 and its 200 day moving average is $35.85.

About Swiss Re

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.