RBC Capital Keeps a Buy Rating on Swiss Re AG (SSREF)
In a report released today, Kamran Hossain from RBC Capital maintained a Buy rating on Swiss Re AG (SSREF), with a price target of CHF98.00. The company’s shares closed last Friday at $92.62.
Hossain has an average return of 11.2% when recommending Swiss Re AG.
According to TipRanks.com, Hossain is ranked #2285 out of 7331 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Swiss Re AG with a $102.64 average price target, which is a 10.8% upside from current levels. In a report issued on February 19, J.P. Morgan also maintained a Buy rating on the stock with a CHF94.00 price target.
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The company has a one-year high of $118.20 and a one-year low of $54.09. Currently, Swiss Re AG has an average volume of 685.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SSREF in relation to earlier this year.
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Swiss Re is the second- largest reinsurer in the world. The business offers a wide range of property and casualty reinsurance, as well as life and health. It also has a corporate primary insurance operation. Based in Zurich, Swiss Re operates in over 20 countries.