Raspberry Pi (LON:RPI) Price Target Raised to GBX 650 at Deutsche Bank Aktiengesellschaft

Raspberry Pi (LON:RPI) had its price objective increased by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 550 to GBX 650 in a note issued to investors on Tuesday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 23.59% from the stock’s previous close.

Raspberry Pi Stock Down 2.4%

Shares of RPI stock opened at GBX 850.68 on Tuesday. The firm has a 50 day moving average price of GBX 695.17 and a two-hundred day moving average price of GBX 449.50. The company has a market capitalization of £1.65 billion, a PE ratio of 185.33 and a beta of 0.84. Raspberry Pi has a 12-month low of GBX 253.80 and a 12-month high of GBX 1,082.

Insider Activity at Raspberry Pi

In other Raspberry Pi news, insider Richard David Boult sold 150,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 701, for a total transaction of £1,051,500. Also, insider Daniel Labbad sold 9,527 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 630, for a total transaction of £60,020.10. Insiders have sold 349,527 shares of company stock valued at $294,882,010 over the last three months. 1.65% of the stock is owned by 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.