Raspberry Pi (LON:RPI) Price Target Cut to GBX 300 by Analysts at Deutsche Bank Aktiengesellschaft

Raspberry Pi (LON:RPI) had its price target cut by analysts at Deutsche Bank Aktiengesellschaft from GBX 380 to GBX 300 in a report issued on Friday,Digital Look reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 5.93% from the company’s previous close.

Raspberry Pi Trading Down 5.5%

LON:RPI traded down GBX 16.60 on Friday, hitting GBX 283.20. 375,770 shares of the company’s stock traded hands, compared to its average volume of 890,988. The company has a market cap of £547.65 million and a PE ratio of 61.70. Raspberry Pi has a 1 year low of GBX 260 and a 1 year high of GBX 780. The firm has a 50-day moving average price of GBX 313.28 and a 200-day moving average price of GBX 377.49.

Insider Activity at Raspberry Pi

In other news, insider David Ranken Gammon purchased 12,000 shares of the business’s stock in a transaction on Friday, November 21st. The stock was purchased at an average price of GBX 306 per share, with a total value of £36,720. Also, insider Eben Upton CBE acquired 21,927 shares of Raspberry Pi stock in a transaction on Tuesday, January 13th. The stock was purchased at an average price of GBX 271 per share, with a total value of £59,422.17. In the last 90 days, insiders have purchased 39,759 shares of company stock valued at $11,614,593. 1.69% of the stock is owned by corporate insiders.

About Raspberry Pi

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.