Raspberry Pi’s (RPI) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Raspberry Pi (LON:RPI) in a research note published on Wednesday,Digital Look reports. They currently have a GBX 670 price objective on the stock.

Several other brokerages also recently commented on RPI. Jefferies Financial Group raised their price target on shares of Raspberry Pi from GBX 420 to GBX 960 and gave the company a “buy” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lifted their price objective 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 assigned a Hold rating to the company. According to MarketBeat.com, Raspberry Pi has an average rating of “Hold” and an average target price of GBX 760.

Raspberry Pi Price Performance

LON:RPI opened at GBX 666.50 on Wednesday. Raspberry Pi has a 1 year low of GBX 253.80 and a 1 year high of GBX 1,082. The stock’s fifty day moving average price is GBX 769.41 and its two-hundred day moving average price is GBX 586.15. The company has a market cap of £1.29 billion, a P/E ratio of 60.59 and a beta of 0.50.

Insider Buying and Selling

In other news, insider Eben Upton CBE sold 190,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were 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

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.