Swiss Re (OTCMKTS:SSREY) Stock Crosses Above 200 Day Moving Average – Here’s Why

Swiss Re AG (OTCMKTS:SSREY)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.81 and traded as high as $39.11. Swiss Re shares last traded at $38.99, with a volume of 8,444 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SSREY. Citigroup raised Swiss Re to a “strong-buy” rating in a report on Monday, November 18th. Hsbc Global Res lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised Swiss Re from a “strong sell” rating to a “hold” rating in a research note on Friday, December 13th. Keefe, Bruyette & Woods upgraded shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Berenberg Bank raised shares of Swiss Re to a “strong-buy” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. According to data from MarketBeat, Swiss Re currently has an average rating of “Buy”.

Swiss Re Price Performance

The business has a 50-day simple moving average of $37.28 and a 200 day simple moving average of $34.81.

Swiss Re Company Profile

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.