Swiss Re AG (VTX:SREN) has received an average recommendation of “Hold” from the eighteen brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is CHF 93.01.
Several research firms have recently commented on SREN. J P Morgan Chase & Co set a CHF 104 target price on Swiss Re AG and gave the company a “buy” rating in a research note on Wednesday, September 13th. HSBC Holdings plc set a CHF 103 price target on Swiss Re AG and gave the company a “buy” rating in a research report on Tuesday, July 4th. Barclays PLC set a CHF 88.80 price target on Swiss Re AG and gave the company a “neutral” rating in a research report on Wednesday, August 30th. Commerzbank Ag set a CHF 87 price target on Swiss Re AG and gave the company a “sell” rating in a research report on Monday, August 14th. Finally, Jefferies Group LLC set a CHF 91 price target on Swiss Re AG and gave the company a “neutral” rating in a research report on Thursday, August 31st.
Shares of Swiss Re AG (VTX:SREN) traded down 0.66% during mid-day trading on Thursday, reaching CHK 90.10. 1,286,164 shares of the company traded hands. The company has a market capitalization of CHK 28.98 billion and a P/E ratio of 11.01. The firm’s 50 day moving average price is CHK 86.92 and its 200-day moving average price is CHK 88.71. Swiss Re AG has a 52-week low of CHK 81.65 and a 52-week high of CHK 98.50.
About Swiss Re AG
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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