Tree Island Steel Ltd. (TSE:TSL) had its price objective lowered by Canaccord Genuity from C$3.75 to C$3.25 in a research report issued to clients and investors on Friday. Canaccord Genuity’s price target would suggest a potential upside of 49.08% from the company’s previous close.

Separately, Pi Financial decreased their price target on Tree Island Steel from C$5.00 to C$3.25 in a report on Friday.

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

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In other Tree Island Steel news, insider Island Steel Ltd. (Former Tree bought 65,600 shares of Tree Island Steel stock in a transaction on Tuesday, September 26th. The stock was bought at an average price of C$3.10 per share, with a total value of C$203,360.00.

About Tree Island Steel

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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