Ninetowns Internet Technlgy Grp (NASDAQ:NINE)‘s stock had its “outperform” rating restated by equities research analysts at Wells Fargo & Co in a research report issued on Tuesday, The Fly reports. They presently have a $14.00 price target on the stock, down from their prior price target of $25.00. Wells Fargo & Co‘s price target points to a potential upside of 67.66% from the stock’s current price.
A number of other brokerages have also recently issued reports on NINE. Bank of America reiterated a “buy” rating and issued a $21.00 price objective (down from $27.00) on shares of Ninetowns Internet Technlgy Grp in a report on Tuesday, June 25th. Zacks Investment Research cut shares of Ninetowns Internet Technlgy Grp from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 16th. Finally, AltaCorp Capital restated a “sector perform” rating on shares of Ninetowns Internet Technlgy Grp in a report on Thursday, June 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.53.
Shares of NASDAQ:NINE opened at $8.35 on Tuesday. Ninetowns Internet Technlgy Grp has a 1 year low of $8.12 and a 1 year high of $40.39. The stock has a fifty day simple moving average of $13.59.
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.
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