Raspberry Pi (LON:RPI) Hits New 12-Month High – What’s Next?

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

Wall Street Analyst Weigh In

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

Raspberry Pi Stock Performance

The firm’s 50-day moving average is GBX 529 and its 200 day moving average is GBX 390.13. The firm has a market capitalization of £1.45 billion, a PE ratio of 163.18 and a beta of 0.88.

Insider Activity

In related news, 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 value of £1,051,500. Also, insider Daniel Labbad sold 9,527 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of GBX 630, for a total transaction of £60,020.10. 1.73% 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.