Raspberry Pi (LON:RPI) Hits New 1-Year High – Still a Buy?

Shares of Raspberry Pi Holdings (LON:RPIGet Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 838.50 and last traded at GBX 786.66, with a volume of 1012691 shares changing hands. The stock had previously closed at GBX 782.50.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their price target on Raspberry Pi from GBX 300 to GBX 550 and gave the stock a “hold” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Raspberry Pi has a consensus rating of “Hold” and an average target price of GBX 550.

Read Our Latest Stock Report on Raspberry Pi

Raspberry Pi Price Performance

The company has a market capitalization of £1.58 billion, a P/E ratio of 177.56 and a beta of 0.88. The business has a 50-day moving average of GBX 576.49 and a 200-day moving average of GBX 405.26.

Insider Buying and Selling at Raspberry Pi

In other news, insider Richard David Boult sold 150,000 shares of Raspberry Pi stock in a transaction on Friday, May 8th. The stock was 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 Raspberry Pi stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 630, for a total value of £60,020.10. 1.73% of the stock is currently owned by company insiders.

About Raspberry Pi

(Get Free Report)

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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