Ninetowns Internet Technlgy Grp (NINE) Receives Sector Perform Rating from Scotiabank

Ninetowns Internet Technlgy Grp (NASDAQ:NINE)‘s stock had its “sector perform” rating reissued by equities research analysts at Scotiabank in a research report issued on Tuesday. They presently have a $29.00 target price on the stock. Scotiabank’s price target suggests a potential upside of 20.58% from the stock’s previous close.

NINE has been the subject of several other reports. Howard Weil assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. They set a “sector perform” rating and a $29.00 target price for the company. Credit Suisse Group assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. They set an “outperform” rating and a $29.00 target price for the company. Goldman Sachs Group assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. They set a “buy” rating and a $39.50 target price for the company. Piper Jaffray Companies assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. They set an “overweight” rating and a $35.00 target price for the company. Finally, Bank of America assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. They set a “buy” rating and a $35.00 target price for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ninetowns Internet Technlgy Grp currently has an average rating of “Buy” and a consensus price target of $32.39.

Ninetowns Internet Technlgy Grp (NASDAQ NINE) traded up $0.55 during trading hours on Tuesday, reaching $24.05. 121,761 shares of the company traded hands, compared to its average volume of 189,815. The firm has a market cap of $66.47, a PE ratio of 218.64 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 company’s stock in a transaction dated Tuesday, January 23rd. The stock was bought at an average price of $23.00 per share, for a total transaction of $460,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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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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