Raspberry Pi (LON:RPI) Price Target Raised to GBX 960

Raspberry Pi (LON:RPI) had its price target boosted by analysts at Jefferies Financial Group from GBX 420 to GBX 960 in a note issued to investors on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 22.22% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Raspberry Pi from GBX 550 to GBX 650 and gave the company a “hold” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Raspberry Pi has an average rating of “Moderate Buy” and a consensus target price of GBX 805.

Raspberry Pi Trading Up 7.4%

Shares of LON RPI opened at GBX 785.50 on Thursday. Raspberry Pi has a 12-month low of GBX 253.80 and a 12-month high of GBX 1,082. The firm has a market capitalization of £1.52 billion, a price-to-earnings ratio of 171.13 and a beta of 0.50. The firm has a 50 day moving average of GBX 743.29 and a 200 day moving average of GBX 474.43.

Insider Activity at Raspberry Pi

In related news, insider Daniel Labbad sold 9,527 shares of Raspberry Pi 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. Also, insider Richard David Boult sold 150,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of GBX 701, for a total transaction of £1,051,500. Over the last quarter, insiders sold 349,527 shares of company stock worth $294,882,010. Company insiders own 1.65% 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.