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ADF Group Inc. SV ( (TSE:DRX) ) has shared an update.
ADF Group Inc. has secured a series of new contracts in Quebec, Ontario and on the U.S. West Coast worth a combined $140 million, spanning public transportation, commercial, industrial, manufacturing and hydroelectric projects. The work, which will engage ADF’s facilities in Quebec and Montana as well as the recently acquired Groupe LAR plant, is scheduled to begin fabrication in June 2026 and run largely through the end of 2027, adding to an order backlog that already stood at $497.1 million as of October 31, 2025 and underscoring the strategic contribution of Groupe LAR to the company’s growth trajectory and capacity utilization.
The most recent analyst rating on (TSE:DRX) stock is a Hold with a C$9.50 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. has a strong financial foundation with effective cost management and low leverage, but faces challenges with revenue contraction and cash flow. The stock’s technical indicators are positive, and it is attractively valued. However, recent earnings call insights reveal significant declines in key financial metrics due to external market pressures, which temper the overall outlook.
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, engineering, fabrication and installation of complex steel structures and architectural metals for the non-residential infrastructure sector, including commercial, institutional, industrial and public projects. The corporation operates fabrication plants and paint shops in Canada and the United States, along with a U.S. construction division specializing in steel structure installation, and leverages its capacity to deliver technically complex, fast-track mega projects. Its recently acquired subsidiary, Groupe LAR Inc., is a Canadian leader in mechanically welded steel structures and custom overhead crane solutions, with a strong focus on the large-scale hydroelectricity market.
Average Trading Volume: 39,133
Technical Sentiment Signal: Buy
Current Market Cap: C$231.3M
See more insights into DRX stock on TipRanks’ Stock Analysis page.