Royal Bank Of Canada Forecasts Strong Price Appreciation for 21529 (ISC.V) (CVE:ISC) Stock

21529 (ISC.V) (CVE:ISC) had its price objective increased by equities researchers at Royal Bank Of Canada from C$39.00 to C$51.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock.

Other equities research analysts have also recently issued reports about the company. ATB Cormark Capital Markets cut 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, May 20th. Raymond James Financial cut 21529 (ISC.V) from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$53.00 to C$51.00 in a research note on Wednesday, May 20th. Finally, Acumen Capital boosted their target price on 21529 (ISC.V) from C$40.00 to C$48.50 in a research note on Monday, February 9th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$50.10.

21529 (ISC.V) Stock Performance

21529 has a 12-month low of C$2.10 and a 12-month high of C$3.04.

21529 (ISC.V) Company Profile

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).