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

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

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

21529 (ISC.V) Stock Performance

21529 has a one year low of C$2.10 and a one 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).