Ninetowns Internet Technlgy Grp Co Ltd. (NINE) Given Average Recommendation of “Buy” by Analysts

Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) has earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $31.00.

NINE has been the subject of several recent research reports. Goldman Sachs Group initiated coverage on Ninetowns Internet Technlgy Grp in a research report on Tuesday. They issued a “buy” rating for the company. Bank of America initiated coverage on Ninetowns Internet Technlgy Grp in a research report on Tuesday. They issued a “buy” rating for the company. Wells Fargo & Co initiated coverage on Ninetowns Internet Technlgy Grp in a research report on Tuesday. They issued an “outperform” rating for the company. Credit Suisse Group assumed coverage on Ninetowns Internet Technlgy Grp in a research report on Tuesday. They issued an “outperform” rating and a $29.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday. They set an “overweight” rating on the stock.

In other Ninetowns Internet Technlgy Grp news, Director Gary L. Thomas bought 20,000 shares of Ninetowns Internet Technlgy Grp stock in a transaction dated Tuesday, January 23rd. The shares were purchased at an average cost of $23.00 per share, with a total value of $460,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Ninetowns Internet Technlgy Grp (NINE) opened at $23.89 on Tuesday. Ninetowns Internet Technlgy Grp has a 12-month low of $22.23 and a 12-month high of $29.00. The firm has a market capitalization of $66.47, a P/E ratio of 217.18 and a beta of 0.25.

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Ninetowns Internet Technlgy Grp Company Profile

Ninetowns Internet Technology Group Company Limited is a software company that enables enterprises and trade-related People’s Republic of China Government agencies to streamline the import/export process in China. It operates in four segments: enterprise software and related maintenance services , software development services segment, B2C e-commerce and, and real estate development.

Analyst Recommendations for Ninetowns Internet Technlgy Grp (NASDAQ:NINE)

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