Berenberg Bank Reaffirms Hold Rating for Raspberry Pi (LON:RPI)

Raspberry Pi (LON:RPI)‘s stock had its “hold” rating reissued by research analysts at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 670 price target on the stock. Berenberg Bank’s target price suggests a potential downside of 2.69% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Jefferies Financial Group raised their price objective on Raspberry Pi from GBX 420 to GBX 960 and gave the stock a “buy” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft upped their target price on Raspberry Pi from GBX 550 to GBX 650 and gave the company a “hold” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 760.

Raspberry Pi Stock Performance

RPI stock opened at GBX 688.50 on Wednesday. The company has a 50 day moving average price of GBX 784.40 and a two-hundred day moving average price of GBX 580.07. The stock has a market capitalization of £1.33 billion, a P/E ratio of 62.59 and a beta of 0.52. Raspberry Pi has a one year low of GBX 253.80 and a one year high of GBX 1,082.

Insider Buying and Selling

In related news, insider Eben Upton CBE sold 190,000 shares of the company’s stock in a transaction that occurred 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

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.