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ADF Group Inc. SV ( (TSE:DRX) ) has shared an announcement.
ADF Group Inc. has announced an agreement to acquire Groupe LAR Inc., a Canadian leader in the design and manufacture of mechanically welded steel structures, primarily serving the hydroelectricity market. The acquisition is expected to create significant synergies, contribute positively to ADF’s net income, and diversify its offerings amidst U.S. tariff threats, while maintaining and potentially increasing jobs in the Saguenay-Lac-Saint-Jean region.
The most recent analyst rating on (TSE:DRX) stock is a Buy with a C$10.50 price target. To see the full list of analyst forecasts on ADF Group Inc. SV stock, see the TSE:DRX Stock Forecast page.
Spark’s Take on TSE:DRX Stock
According to Spark, TipRanks’ AI Analyst, TSE:DRX is a Outperform.
ADF Group Inc. presents a strong investment case with excellent financial performance and attractive valuation. Positive technical indicators further bolster the outlook, though recent tariff challenges pose risks. The major contract win in Quebec’s energy sector offsets some of these challenges, enhancing long-term potential.
To see Spark’s full report on TSE:DRX stock, click here.
More about ADF Group Inc. SV
ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication, and installation of complex steel structures and architectural metals for the non-residential infrastructure sector. The company operates two fabrication plants and two paint shops in Canada and the United States, and a Construction Division in the United States specializing in steel structure installation.
Average Trading Volume: 47,704
Technical Sentiment Signal: Buy
Current Market Cap: C$243.1M
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.