Global Education Communities (TSE:GEC) Trading Up 3.6% – Still a Buy?

Global Education Communities Corp. (TSE:GEC) shares shot up 3.6% during mid-day trading on Friday . The stock traded as high as C$0.31 and last traded at C$0.29. 45,004 shares traded hands during trading, an increase of 115% from the average session volume of 20,953 shares. The stock had previously closed at C$0.28.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.95 price target on shares of Global Education Communities and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, Global Education Communities currently has an average rating of “Strong Buy” and a consensus price target of C$0.95.

Global Education Communities Trading Up 3.6%

The stock has a 50-day moving average of C$0.29 and a two-hundred day moving average of C$0.32. The firm has a market cap of C$19.91 million, a price-to-earnings ratio of 0.97 and a beta of 0.86.

Global Education Communities Company Profile

Global Education Communities is a Canada-based company focused on acquiring, developing and managing purpose-built student housing assets across key markets in Europe. The company seeks high-quality properties positioned near major universities, offering accommodation solutions designed to meet the evolving needs of domestic and international students.

The company’s primary business activities include sourcing and underwriting off-market and on-market transactions, undertaking selective development and renovation projects, and overseeing day-to-day property management.