Swiss Re Ltd. (OTCMKTS:SSREY) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Swiss Re Ltd. (OTCMKTS:SSREY) have been given an average rating of “Reduce” by the eight brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a strong buy recommendation to the company.

Several research firms have issued reports on SSREY. UBS Group downgraded shares of Swiss Re from a “neutral” rating to a “sell” rating in a research note on Thursday, May 21st. Morgan Stanley reaffirmed an “underweight” rating on shares of Swiss Re in a research report on Friday, May 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Swiss Re in a report on Friday, May 8th.

Swiss Re Price Performance

OTCMKTS SSREY opened at $43.06 on Friday. The company has a quick ratio of 39.12, a current ratio of 39.12 and a debt-to-equity ratio of 0.32. Swiss Re has a 1-year low of $36.01 and a 1-year high of $48.62. The business’s 50-day simple moving average is $40.93 and its 200-day simple moving average is $40.69.

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.