Raspberry Pi (LON:RPI) Stock Price Up 0.9% – What’s Next?

Raspberry Pi Holdings (LON:RPI) shares traded up 0.9% during trading on Wednesday . The company traded as high as GBX 567.50 and last traded at GBX 560. Approximately 278,689 shares were traded during trading, a decline of 87% from the average daily volume of 2,177,895 shares. The stock had previously closed at GBX 555.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RPI shares. Deutsche Bank Aktiengesellschaft raised their price target on Raspberry Pi from GBX 550 to GBX 650 and gave the stock a “hold” rating in a research note on Tuesday, June 16th. Berenberg Bank restated a “hold” rating and set a GBX 670 target price on shares of Raspberry Pi in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group lifted their target price 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. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 760.

Raspberry Pi Stock Performance

The company has a 50-day moving average of GBX 696.69 and a 200-day moving average of GBX 620.38. The stock has a market cap of £1.15 billion, a price-to-earnings ratio of 54.23 and a beta of 0.47.

Insider Activity

In other 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 transaction of £1,837,300. Insiders own 1.55% 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.