Raspberry Pi (LON:RPI) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Raspberry Pi (LON:RPI) had its target price lifted by equities research analysts at Jefferies Financial Group from GBX 420 to GBX 960 in a research note issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 22.22% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft upped their target price on Raspberry Pi from GBX 550 to GBX 650 and gave the stock a “hold” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Raspberry Pi currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 805.

Raspberry Pi Price Performance

LON:RPI opened at GBX 785.50 on Thursday. The company’s fifty day moving average price is GBX 743.29 and its 200-day moving average price is GBX 474.43. Raspberry Pi has a 1-year low of GBX 253.80 and a 1-year high of GBX 1,082. The firm has a market capitalization of £1.52 billion, a P/E ratio of 171.13 and a beta of 0.50.

Insider Activity

In other news, insider Daniel Labbad sold 9,527 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 630, for a total transaction of £60,020.10. Also, insider Eben Upton CBE sold 190,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of GBX 967, for a total transaction of £1,837,300. Insiders have sold a total of 349,527 shares of company stock worth $294,882,010 over the last 90 days. 1.65% of the stock is currently owned by company insiders.

Raspberry Pi Company Profile

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.