Raspberry Pi (LON:RPI) Receives “Hold” Rating from Berenberg Bank

Raspberry Pi (LON:RPIGet Free Report)‘s stock had its “hold” rating restated by stock analysts at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 670 price target on the stock. Berenberg Bank’s price objective suggests a potential downside of 2.69% from the company’s previous close.

Several other research firms have also weighed in on RPI. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Raspberry Pi from GBX 550 to GBX 650 and gave the company a “hold” rating in a report on Tuesday, June 16th. Jefferies Financial Group increased their price target on Raspberry Pi from GBX 420 to GBX 960 and gave the company a “buy” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 760.

Check Out Our Latest Research Report on Raspberry Pi

Raspberry Pi Stock Performance

LON RPI opened at GBX 688.50 on Wednesday. Raspberry Pi has a one year low of GBX 253.80 and a one year high of GBX 1,082. The company’s 50 day moving average price is GBX 784.40 and its 200 day moving average price is GBX 580.07. The firm has a market capitalization of £1.33 billion, a price-to-earnings ratio of 62.59 and a beta of 0.52.

Insiders Place Their Bets

In other Raspberry Pi news, insider Eben Upton CBE sold 190,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of GBX 967, for a total value of £1,837,300. 1.55% of the stock is currently owned by corporate insiders.

About Raspberry Pi

(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

Receive News & Ratings for Raspberry Pi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raspberry Pi and related companies with MarketBeat.com's FREE daily email newsletter.