Raspberry Pi (LON:RPI) Sets New 12-Month High – Should You Buy?

Raspberry Pi Holdings (LON:RPIGet Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as GBX 755.50 and last traded at GBX 746, with a volume of 882860 shares. The stock had previously closed at GBX 673.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Raspberry Pi from GBX 300 to GBX 550 and gave the stock a “hold” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 550.

Check Out Our Latest Research Report on RPI

Raspberry Pi Stock Performance

The business has a 50 day moving average price of GBX 520.19 and a two-hundred day moving average price of GBX 387.60. The stock has a market cap of £1.45 billion, a PE ratio of 163.18 and a beta of 0.88.

Insider Buying and Selling

In other news, insider Daniel Labbad sold 9,527 shares of the business’s stock in a transaction that occurred on 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 that occurred on Friday, May 8th. The stock was sold at an average price of GBX 701, for a total value of £1,051,500. 1.73% of the stock is owned by insiders.

Raspberry Pi Company Profile

(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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