Swiss Re (SREN) Stock Rating Reaffirmed by UBS Group
UBS Group restated their sell rating on shares of Swiss Re (VTX:SREN) in a research note released on Wednesday morning, www.boersen-zeitung.de reports.
Several other research analysts also recently issued reports on SREN. Berenberg Bank set a CHF 99 price target on shares of Swiss Re and gave the stock a neutral rating in a report on Tuesday, June 19th. Deutsche Bank set a CHF 101 price objective on Swiss Re and gave the company a neutral rating in a report on Thursday, June 21st. Goldman Sachs Group set a CHF 103 price objective on Swiss Re and gave the company a buy rating in a report on Friday, June 29th. Royal Bank of Canada set a CHF 99 price objective on Swiss Re and gave the company a neutral rating in a report on Thursday, July 12th. Finally, Kepler Capital Markets set a CHF 108 price objective on Swiss Re and gave the company a buy rating in a report on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. Swiss Re has an average rating of Hold and an average target price of CHF 99.44.
Shares of VTX:SREN opened at CHF 97.12 on Wednesday. Swiss Re has a 52-week low of CHF 81.65 and a 52-week high of CHF 98.80.
Swiss Re AG is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. The Company operates in four segments: Property&Casualty Reinsurance, Life&Health Reinsurance, Corporate Solutions and Life Capital. Its Reinsurance Unit provides premiums and fee income through Property&Casualty and Life&Health segments.
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