Raspberry Pi (LON:RPI) Trading 0.4% Higher – Here’s What Happened

Raspberry Pi Holdings (LON:RPIGet Free Report)’s share price traded up 0.4% during trading on Friday . The stock traded as high as GBX 708.50 and last traded at GBX 697. 195,976 shares traded hands during trading, a decline of 92% from the average session volume of 2,354,453 shares. The stock had previously closed at GBX 694.

Wall Street Analysts Forecast Growth

RPI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Raspberry Pi from GBX 550 to GBX 650 and gave the stock a “hold” rating in a report on Tuesday, June 16th. Jefferies Financial Group increased their target price on shares of Raspberry Pi from GBX 420 to GBX 960 and gave the stock a “buy” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Raspberry Pi presently has an average rating of “Moderate Buy” and a consensus price target of GBX 805.

Check Out Our Latest Stock Report on RPI

Raspberry Pi Stock Up 0.4%

The business has a 50-day moving average price of GBX 790.66 and a two-hundred day moving average price of GBX 572.18. The company has a market capitalization of £1.35 billion, a price-to-earnings ratio of 63.36 and a beta of 0.52.

Insider Buying and Selling

In other Raspberry Pi news, insider Eben Upton CBE sold 190,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of GBX 967, for a total transaction of £1,837,300. Company insiders own 1.55% of the company’s stock.

Raspberry Pi Company Profile

(Get Free Report)

Our mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of engineers and enthusiasts all over the world.

Since 2012, we’ve been designing single-board and modular computers, built on the Arm architecture, and running the Linux operating system. Whether you’re an educator looking to excite the next generation of computer scientists; an enthusiast searching for inspiration for your next project; or an OEM who needs a proven rock-solid foundation for your next generation of smart products, there’s a Raspberry Pi computer for you.

That’s not all we do.

Further Reading

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