Swiss Re stock: RBC raises target from CHF 115 to CHF 120

Published on 10/21/2026 at 17:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit hit USD 2.8 billion, up 9.00 percent. Swiss Re stock costs EUR 164.58 on October 21, 2026, plus 2.19 percent versus Xetra.

Analyst target and reporting date

RBC raised its Swiss Re target from CHF 115.00 to CHF 120.00 on October 20, 2026.
Swiss Re earned USD 2.8 billion in the first half of 2026, up 9.00 percent year on year.
Swiss Re stock costs EUR 164.58 at Lang & Schwarz on October 21, 2026 at 5:15 p.m. CEST, 2.19 percent above the Xetra close of October 20, 2026.
Swiss Re scheduled its nine-month 2026 results for November 6, 2026.

Extreme macro photograph of a white die and a polished compass resting on a dark matte surface. A single directional light source casts sharp dramatic shadows. Shallow depth of field keeps both objects in razor-sharp focus against a neutral grey-black bac — Swiss Re Risikoabwägung: Makro-Detail von Würfel und Kompassnadel mit dramatischen Schatten, CH0126881561, Illustration mit AI erstellt.

Swiss Re stock (ISIN CH0126881561) was trading at EUR 164.58 at Lang & Schwarz on October 21, 2026 at 5:15 p.m. CEST, 2.19 percent above the Xetra close of October 20, 2026 at EUR 161.05. Goldesel reported on October 20, 2026 that RBC raised its price target from CHF 115.00 to CHF 120.00 while keeping an Underperform rating.

RBC raises target but keeps caution

The higher target was not accompanied by a rating upgrade. RBC's Underperform stance keeps the analyst signal cautious even as the target rose by CHF 5.00. ARIVA.DE reported on October 15, 2026 that JPMorgan lifted its target from CHF 125.00 to CHF 130.00 and retained Underweight.

Stock sits below its yearly high

Swiss Re's euro quote stood EUR 1.47 below the reported 52-week high of EUR 166.05 on October 20, 2026, a gap of 0.89 percent. The reported 52-week low was EUR 124.10. The current move therefore leaves the stock close to its upper yearly boundary while the SIX share price was CHF 152.40 at 3:11 p.m. CEST on October 21, 2026.

Profit supports the valuation debate

Swiss Re generated USD 2.8 billion of net income in the first half of 2026, compared with USD 2.6 billion in the first half of 2025, an increase of 9.00 percent. Insurance Asia reported on September 22, 2026 that the result represented more than 60 percent of Swiss Re's USD 4.5 billion full-year profit target. The company posted an annualized return on equity of 22.70 percent for the same period.

Borse Global reported that Swiss Re scheduled its nine-month 2026 results for November 6, 2026. That date gives investors the next formal checkpoint for claims, pricing and earnings.

Comparison with peers

Swiss Re: plus 2.19 percent, P/E 11.18, market capitalization CHF 44.9 billion. Zurich Insurance Group (SIX, CHF): plus 0.65 percent, P/E 10.24, market capitalization CHF 93.1 billion. Munich Re (Xetra, EUR): plus 0.77 percent, P/E 10.26, market capitalization EUR 69.3 billion.

Analyst targets remain divided

RBC's CHF 120.00 target remains below the current Swiss Re share price in CHF, while JPMorgan's CHF 130.00 target is also below the latest SIX quote of CHF 152.40. The contrast between higher targets and cautious ratings makes the November results especially relevant for assessing whether earnings can support the current valuation.

Swiss Re was trading at EUR 164.58 at Lang & Schwarz on October 21, 2026 at 5:15 p.m. CEST, 2.19 percent above the Xetra close of October 20, 2026 at EUR 161.05. The further course of trading is shown by the continuously updated real-time quote of Swiss Re stock.