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The Macerich Company (NYSE:MAC) price target bumped up to $84.00, reported today by Canaccord Genuity

Showing a price of $83.28, The Macerich Company (NYSE:MAC) traded 0.54% higher on the day. The last stock close is up 0.94% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. MAC has recorded a 50-day moving average of $84.12 and two hundred day average of $81.06. 2,773,711 shares of The Macerich Company traded hands, up from ann average trading volume of 900,955

Indicating a possible upside of 0.01%, Canaccord Genuity raised the target price of The Macerich Company (NYSE:MAC) to $84

Previously on 5/06/2016, RBC Capital Markets released a statement on The Macerich Company(NYSE:MAC) upped the target price from $82.00 to $87.00 that indicated a possible upside of 0.10%.

See Graph Below:

The Macerich Company (NYSE:MAC)

In addition to Canaccord Genuity reporting it’s price target, a total of 15 equity analysts have released a ratings update on the stock. The consensus target price is $82.13 with 0 rating the stock a strong buy, two firms rating the stock a buy, 17 analysts rating the stock a hold, one brokerage rating the company to underperform, and lastly 0 firms rating the company as sell.

The Macerich Company has a 52 week low of $71.82 and a 52 week high of $94.51 with a price-earnings ratio of 13. The company’s market cap is currently $0.0.

General Company Details For The Macerich Company (NYSE:MAC)

The Macerich Company is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. It owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. It specializes in retail properties in many of the country’s populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, and DC corridor.

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