Swiss Re AG (SSREF) Receives a Hold from Credit Suisse
In a report released yesterday, Iain Pearce from Credit Suisse maintained a Hold rating on Swiss Re AG (SSREF), with a price target of CHF90.00. The company’s shares closed last Friday at $95.95.
According to TipRanks.com, Pearce is ranked #5752 out of 7210 analysts.
Swiss Re AG has an analyst consensus of Moderate Buy, with a price target consensus of $103.73, implying a 10.0% upside from current levels. In a report issued on January 6, Deutsche Bank also maintained a Hold rating on the stock with a CHF90.00 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 939.
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.