Ninetowns Internet Technlgy Grp (NASDAQ:NINE) had its price objective cut by Raymond James from $28.00 to $15.00 in a report published on Tuesday, BenzingaRatingsTable reports. They currently have a strong-buy rating on the stock.
Several other analysts also recently issued reports on the company. AltaCorp Capital restated a sector perform rating on shares of Ninetowns Internet Technlgy Grp in a research note on Thursday, June 20th. Wells Fargo & Co restated an outperform rating and issued a $14.00 price target (down from $25.00) on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday. Zacks Investment Research downgraded Ninetowns Internet Technlgy Grp from a hold rating to a strong sell rating in a research note on Tuesday, July 16th. Finally, Bank of America restated a buy rating and issued a $21.00 price target (down from $27.00) on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Ninetowns Internet Technlgy Grp has a consensus rating of Buy and an average price target of $29.98.
NINE opened at $8.91 on Tuesday. The firm has a fifty day moving average price of $13.76. Ninetowns Internet Technlgy Grp has a 1 year low of $8.68 and a 1 year high of $40.39.
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.
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