Raspberry Pi’s (RPI) “Hold” Rating Reaffirmed at Berenberg Bank

Raspberry Pi (LON:RPI – Get Free Report)‘s stock had its “hold” rating restated by equities research analysts at Berenberg Bank in a research note issued to investors on Friday, Digital Look reports. They presently have a GBX 670 price objective on the stock. Berenberg Bank’s price target indicates a potential downside of 0.45% from the stock’s current price.

A number of other brokerages have also recently issued reports on RPI. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Raspberry Pi from GBX 550 to GBX 650 and gave the stock a “hold” rating in a research note on Tuesday, June 16th. 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 research note on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 760.

Check Out Our Latest Analysis on RPI

Raspberry Pi Trading Down 10.9%

LON RPI opened at GBX 673 on Friday. Raspberry Pi has a 12 month low of GBX 253.80 and a 12 month high of GBX 1,082. The stock has a market cap of £1.30 billion, a price-to-earnings ratio of 61.18 and a beta of 0.45. The company’s 50 day moving average is GBX 625.02 and its two-hundred day moving average is GBX 642.73.

Raspberry Pi News Summary

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About Raspberry Pi

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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.

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