Ninetowns Internet Technlgy Grp (NINE) Earns Sector Perform Rating from Analysts at Howard Weil

Investment analysts at Howard Weil began coverage on shares of Ninetowns Internet Technlgy Grp (NASDAQ:NINE) in a research note issued to investors on Tuesday. The brokerage set a “sector perform” rating and a $29.00 price target on the stock. Howard Weil’s target price points to a potential upside of 23.40% from the company’s previous close.

Several other equities analysts also recently weighed in on NINE. Piper Jaffray Companies assumed coverage on Ninetowns Internet Technlgy Grp in a research report on Tuesday. They set an “overweight” rating for the company. Goldman Sachs Group started coverage on Ninetowns Internet Technlgy Grp in a research report on Tuesday. They set a “buy” rating for the company. Bank of America started coverage on Ninetowns Internet Technlgy Grp in a report on Tuesday. They set a “buy” rating on the stock. Wells Fargo & Co started coverage on Ninetowns Internet Technlgy Grp in a report on Tuesday. They set an “outperform” rating on the stock. Finally, Credit Suisse Group started coverage on Ninetowns Internet Technlgy Grp in a report on Tuesday. They set an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $29.00.

Ninetowns Internet Technlgy Grp (NASDAQ NINE) opened at $23.50 on Tuesday. The firm has a market capitalization of $66.47, a price-to-earnings ratio of 213.64 and a beta of 0.25. Ninetowns Internet Technlgy Grp has a 1 year low of $22.23 and a 1 year high of $29.00.

In other Ninetowns Internet Technlgy Grp news, Director Gary L. Thomas acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were acquired at an average price of $23.00 per share, for a total transaction of $460,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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About Ninetowns Internet Technlgy Grp

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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