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Global Education Communities ( (TSE:GEC) ) has provided an update.
Global Education Communities Corp. (GECC) announced a significant legal victory as the British Columbia Court of Appeal overturned a previous ruling, finding a commercial lender in breach of contract related to a real estate development project in Richmond, BC. This decision, which partially reverses a lower court’s ruling, is expected to have positive implications for GECC’s operations and financial standing, as the project had faced significant challenges due to funding cessation during the COVID-19 pandemic.
The most recent analyst rating on (TSE:GEC) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Global Education Communities stock, see the TSE:GEC Stock Forecast page.
More about Global Education Communities
Global Education Communities Corp. (GECC) is a prominent player in Canada’s education and student housing sector, serving nearly 10,000 domestic and international students annually. With a portfolio exceeding $1.3 billion, GECC operates 24 student housing apartments, campuses, and offices, focusing on off-campus student-centric rental apartments and education super-centres under the GEC® Living brand. The company also offers diverse business and ESL programs through its academic division and owns a student recruitment agency and a design and media communications firm.
Average Trading Volume: 94,067
Technical Sentiment Signal: Buy
Current Market Cap: C$26.64M
Find detailed analytics on GEC stock on TipRanks’ Stock Analysis page.