Tree Island Steel Ltd. (TSE:TSL) had its target price decreased by stock analysts at Raymond James Financial, Inc. from C$4.00 to C$3.00 in a research report issued on Friday. The firm presently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s target price indicates a potential upside of 7.14% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Pi Financial cut their target price on shares of Tree Island Steel from C$5.00 to C$3.25 in a research note on Friday. Canaccord Genuity cut their target price on shares of Tree Island Steel from C$3.75 to C$3.25 in a research note on Friday.

Shares of Tree Island Steel (TSL) traded down C$2.18 during mid-day trading on Friday, hitting C$2.18. The company had a trading volume of 118,560 shares,

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In related news, insider Island Steel Ltd. (Former Tree purchased 65,600 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were bought at an average cost of C$3.10 per share, for a total transaction of C$203,360.00.

Tree Island Steel Company Profile

Tree Island Steel Ltd. manufactures and sells steel wire and wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers residential products, including bulk nails, collated nails, packaged nails and fasteners, bulk screws, and packaged nails and fasteners, as well as nail head identification systems; and woven wires, welded wires, and corners and accessories.

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