You can use:
/targetparty
/cast Power Word: Shield
Which will cycle through your party one after the other (starting with the nearest); however, /targetparty will never target your own toon.
You could change it to:
/targetparty
/cast [nomod:alt] Power Word: Shield
/cast [mod:alt,Target=Player] Power Word: Shield
Possibly consider an addon like Smart Buff, where you can assign it to buff anyone who is missing a buff, by spamming the key. Not sure that you can use that in combat or not, especially to change targets.
*Edit*
The Rejuvenation on the whole team, via a click macro... was something like:
/castsequence [target=Party1] ,,,,Power Word: Shield
/castsequence [target=Party2] ,,,Power Word: Shield
/castsequence [target=Party3] ,,Power Word: Shield
/castsequence [target=Party4] ,Power Word: Shield
/castsequence [target=Player] Power Word: Shield
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