ATB Cormark Capital Markets Downgrades 21529 (ISC.V) (CVE:ISC) to Tender

21529 (ISC.V) (CVE:ISC) was downgraded by equities research analysts at ATB Cormark Capital Markets from an “outperform” rating to a “tender” rating in a research note issued on Wednesday,BayStreet.CA reports. They currently have a C$51.00 price target on the stock, down from their previous price target of C$55.00.

Other analysts have also issued reports about the company. Raymond James Financial raised their price objective on 21529 (ISC.V) from C$39.00 to C$53.00 and gave the company an “outperform” rating in a report on Monday, March 23rd. 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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, 21529 (ISC.V) presently has a consensus rating of “Hold” and an average price target of C$46.30.

21529 (ISC.V) Price Performance

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