21529 (ISC.V) (CVE:ISC) Cut to Market Perform at Raymond James Financial

21529 (ISC.V) (CVE:ISC) was downgraded by equities researchers at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report released on Wednesday,BayStreet.CA reports. They presently have a C$51.00 price objective on the stock, down from their prior price objective of C$53.00.

Several other research firms also recently weighed in on ISC. ATB Cormark Capital Markets downgraded 21529 (ISC.V) from an “outperform” rating to a “tender” rating and dropped their price target for the stock from C$55.00 to C$51.00 in a research report on Wednesday. Canadian Imperial Bank of Commerce raised their price objective on 21529 (ISC.V) from C$37.00 to C$49.00 in a report on Wednesday, January 28th. Finally, Acumen Capital raised their price objective on 21529 (ISC.V) from C$40.00 to C$48.50 in a report on Monday, February 9th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$46.30.

21529 (ISC.V) Price Performance

21529 has a 1 year low of C$2.10 and a 1 year high of C$3.04.

About 21529 (ISC.V)

IROC Energy Services Corp. (IROC Energy) is an oilfield services company. As of December 31, 2011, IROC Energy operated in two segments: the Drilling and Production Services segment and Rental Services segment. The Drilling and Production Services segment carries on business in Western Canada through the Eagle Well Servicing (Eagle) and Helix Coil Services (Helix) divisions. Aero Rental Services (Aero), its rentals division, offers a range of rental equipment to the oil and gas industry. Through the IROC Energy Services Partnership (the IROC Partnership), the Company provides products, services and equipment to the oil and gas industry in the Western Canadian Sedimentary Basin (WCSB).