Raspberry Pi (LON:RPI) Hits New 12-Month High – What’s Next?

Raspberry Pi Holdings (LON:RPI) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 838.50 and last traded at GBX 786.66, with a volume of 1012691 shares. The stock had previously closed at GBX 782.50.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Raspberry Pi from GBX 300 to GBX 550 and gave the stock a “hold” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 550.

Raspberry Pi Price Performance

The company has a 50-day moving average price of GBX 557.82 and a 200-day moving average price of GBX 399.18. The firm has a market capitalization of £1.53 billion, a PE ratio of 172.11 and a beta of 0.88.

Insider Activity

In related news, insider Richard David Boult sold 150,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of GBX 701, for a total transaction of £1,051,500. Also, insider Daniel Labbad sold 9,527 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of GBX 630, for a total value of £60,020.10. Corporate insiders own 1.73% of the company’s stock.

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.