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

Raspberry Pi (LON:RPI)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a research report issued to clients and investors on Friday, September 25th, Digital Look reports. They currently have a GBX 670 target price on the stock. Berenberg Bank’s target price would indicate a potential downside of 6.49% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group boosted their price target on shares of Raspberry Pi from GBX 420 to GBX 960 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Raspberry Pi from GBX 550 to GBX 650 and gave the stock a “hold” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 760.

Raspberry Pi Stock Performance

Raspberry Pi stock traded up GBX 30.50 during midday trading on Friday, reaching GBX 716.50. 450,609 shares of the stock were exchanged, compared to its average volume of 2,045,517. Raspberry Pi has a 52 week low of GBX 253.80 and a 52 week high of GBX 1,082. The firm has a market cap of £1.39 billion, a PE ratio of 65.14 and a beta of 0.45. The company’s fifty day moving average is GBX 623.04 and its 200-day moving average is GBX 655.86.

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.