Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) has been assigned an average rating of “Buy” from the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.00.

Several brokerages recently weighed in on NINE. Howard Weil began coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday. They issued a “sector perform” rating and a $29.00 price target on the stock. Credit Suisse Group began coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday. They issued an “outperform” rating and a $29.00 price target on the stock. Goldman Sachs Group began coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday. They issued a “buy” rating on the stock. Piper Jaffray Companies began coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday. They issued an “overweight” rating and a $35.00 price target on the stock. Finally, Bank of America began coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday. They issued a “buy” rating on the stock.

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

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

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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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