Tree Island Steel Ltd. (TSE:TSL) had its target price decreased by Raymond James Financial, Inc. from C$4.00 to C$3.00 in a research report sent to investors on Friday morning. Raymond James Financial, Inc. currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the company. Pi Financial cut their price target on Tree Island Steel from C$5.00 to C$3.25 in a research note on Friday. Canaccord Genuity cut their price target on Tree Island Steel from C$3.75 to C$3.25 in a research note on Friday.

Shares of Tree Island Steel (TSE TSL) traded down C$0.61 during trading on Friday, hitting C$2.19. The stock had a trading volume of 142,835 shares, compared to its average volume of 44,957. Tree Island Steel has a 1 year low of C$2.01 and a 1 year high of C$6.14.

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The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.08 annualized dividend and a dividend yield of 3.65%.

In other news, insider Island Steel Ltd. (Former Tree purchased 65,600 shares of the business’s stock in a transaction dated 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.

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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