Swiss Re Ltd. (OTCMKTS:SSREY) Given Consensus Recommendation of “Reduce” by Brokerages

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

SSREY has been the topic of several recent analyst reports. Citigroup reiterated a “neutral” rating on shares of Swiss Re in a research report on Friday, May 8th. UBS Group cut Swiss Re from a “neutral” rating to a “sell” rating in a report on Thursday, May 21st. Finally, Morgan Stanley restated an “underweight” rating on shares of Swiss Re in a research note on Friday, May 8th.

Swiss Re Stock Down 2.7%

OTCMKTS SSREY opened at $40.53 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 39.12 and a quick ratio of 39.12. Swiss Re has a 52-week low of $36.01 and a 52-week high of $48.62. The firm has a 50-day moving average price of $39.03 and a 200 day moving average price of $40.35.

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.