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Macerich Co 10.5% Potential Upside Now Implied by Canaccord Genuity

Macerich Co using SYMBOL/TICKER code NYSE:MAC had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘HOLD’ yesterday by analysts at Canaccord Genuity. Macerich Co are listed in the Consumer Services sector within NYSE. Canaccord Genuity have set a target price of 77 USD on its stock. This now indicates the analyst believes there is a potential upside of 10.5% from the opening price of 69.68 USD.

 

Macerich Co NYSE:MAC has a 50 day moving average of 70.37 USD and a 200 Day Moving Average share price is recorded at 78.14 USD. The 1 year high share price is 94.51 USD while the 52 week low for the stock is 66 USD. Over the last 30 and 90 trading days the company share price has decreased 0.51 points and decreased 9.75 points respectively. There are currently 145,137,428 shares in issue with the average daily volume traded being 884,404. Market capitalisation for NYSE:MAC is $10,171,231,220.00 USD.

 

Macerich Co 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.

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