Unibail-Rodamco-Westfield (OTCMKTS:UNBLF) Trading Down 2% – Here’s Why

Unibail-Rodamco-Westfield SE (OTCMKTS:UNBLF) dropped 2% during trading on Wednesday . The stock traded as low as $111.73 and last traded at $111.73. Approximately 1 shares traded hands during trading, a decline of 99% from the average daily volume of 118 shares. The stock had previously closed at $114.0150.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Unibail-Rodamco-Westfield in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Unibail-Rodamco-Westfield in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Unibail-Rodamco-Westfield Price Performance

The firm’s 50-day moving average price is $108.94 and its 200-day moving average price is $105.19.

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is a leading global commercial real estate company specializing in the ownership, development and management of flagship shopping destinations, office spaces and convention centres. Formed in 2018 through the merger of European shopping centre specialist Unibail-Rodamco and Australia-based Westfield Corporation, the company brought together two long-standing retail property platforms to create one of the world’s largest listed commercial real estate firms.

The company’s core business activities are centered on premier retail real estate, with a portfolio that includes high-footfall shopping centres, mixed-use urban developments and experiential retail venues.