Global Education Communities (TSE:GEC) Trading 3.4% Higher – Still a Buy?

Shares of Global Education Communities Corp. (TSE:GEC) shot up 3.4% during mid-day trading on Wednesday . The company traded as high as C$0.30 and last traded at C$0.30. 39,115 shares were traded during trading, an increase of 68% from the average session volume of 23,251 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.95 target price on Global Education Communities and gave the stock a “buy” rating in a 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 company. According to data from MarketBeat.com, Global Education Communities presently has a consensus rating of “Strong Buy” and a consensus price target of C$0.95.

Global Education Communities Stock Performance

The stock has a fifty day simple moving average of C$0.32 and a 200-day simple moving average of C$0.35. The stock has a market cap of C$20.60 million, a P/E ratio of 0.91 and a beta of 0.75.

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.