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Adentra Inc
Symbol ADEN
Shares Issued 24,409,388
Close 2025-09-29 C$ 35.25
Market Cap C$ 860,430,927
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Globe says Tremblay maintains Adentra at "buy"

2025-09-30 06:26 ET - In the News

The Globe and Mail reports in its Tuesday, Sept. 30, edition that Desjardins Securities analyst Frederic Tremblay is sticking with his "buy" ranking for Adentra. The Globe's David Leeder writes in the Eye On Equities column that Mr. Tremblay gave his share target a $6 boost to $47. Analysts on average target the shares at $44.56. Mr. Tremblay says in a note: "We hosted investor meetings with CEO Rob Brown and CFO Faiz Karmally in Montreal. Overall, the meetings reinforced our constructive stance on Adentra, with the company appearing to near an inflection point as it: (1) is strongly positioned to capture opportunities from an eventual sector recovery; (2) has tools to navigate a fluid tariff environment; and (3) is preparing the balance sheet for meaningful M&A. While the precise timing and magnitude of a recovery in the housing sector is difficult to forecast, we are encouraged by: (1) activity levels in August/September look to have improved slightly compared with comments made about July sales during Adentra's 2Q25 conference call; and (2) rate cuts. Adentra's competitive strengths and available capacity position it to capture stronger demand once the market rebounds from its cyclical lows."

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