Swiss Re (VTX:SREN) Stock Upgrade
In an interesting research report revealed on 17 December, Jefferies announced that they have decided to upgrade shares of Swiss Re (VTX:SREN) stock from a “Hold” to a “Buy”.
The stock increased 1.49% or EUR 1.45 on December 17, striking EUR 98.5. Approximately 1.88 million shares of stock traded hands or 24.50% up from the average. Swiss Re AG (VTX:SREN) has risen 6.00% since November 17, 2015 and is uptrending. It has outperformed by 8.26% the S&P500.
Swiss Re , is a diversified global re/insurer. The company has a market cap of 36.85 billion EUR. The Firm is a wholesale well-known provider of reinsurance, insurance and other insurance forms of risk transfer. It has 9.52 P/E ratio. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized firms and public sector clients.