Tree Island Steel Ltd. (TSE:TSL) had its target price cut by Pi Financial from C$5.00 to C$3.25 in a research note issued to investors on Friday. Pi Financial’s price target suggests a potential upside of 49.08% from the stock’s previous close.

Tree Island Steel (TSL) traded down C$2.18 during trading on Friday, reaching 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 purchased 65,600 shares of the stock in a transaction on Tuesday, September 26th. The stock was bought at an average price of C$3.10 per share, for a total transaction 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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