Credit Suisse Group started coverage on shares of Ninetowns Internet Technlgy Grp (NASDAQ:NINE) in a research report released on Tuesday, MarketBeat Ratings reports. The firm issued an outperform rating and a $29.00 target price on the stock.

Other research analysts also recently issued reports about the stock. Goldman Sachs Group started coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. They set a buy rating and a $23.50 price objective on the stock. Bank of America started coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. They set a buy rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. They set an overweight rating and a $33.00 price objective on the stock. Finally, Piper Jaffray Companies started coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. They set an overweight rating and a $35.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $30.61.

Ninetowns Internet Technlgy Grp (NASDAQ NINE) opened at $24.05 on Tuesday. Ninetowns Internet Technlgy Grp has a 52 week low of $22.23 and a 52 week high of $29.00. The company has a market cap of $66.47, a price-to-earnings ratio of 218.64 and a beta of 0.25.

In related news, Director Gary L. Thomas acquired 20,000 shares of Ninetowns Internet Technlgy Grp stock in a transaction on Tuesday, January 23rd. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $460,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

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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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