Raspberry Pi (LON:RPI) Stock Keeps “Hold” Rating at Berenberg Bank

by · The Markets Daily

Raspberry Pi (LON:RPI – Get Free Report)‘s stock had its “hold” rating restated by equities research analysts at Berenberg Bank in a research note issued to investors on Friday, Digital Look reports. They presently have a GBX 670 price target on the stock. Berenberg Bank’s target price would suggest a potential downside of 0.45% from the stock’s previous close.

A number of other research analysts have also recently commented on RPI. Deutsche Bank Aktiengesellschaft raised their target price on Raspberry Pi from GBX 550 to GBX 650 and gave the company a “hold” rating in a research note on Tuesday, June 16th. Jefferies Financial Group increased their price objective on Raspberry Pi from GBX 420 to GBX 960 and gave the stock a “buy” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 760.

Read Our Latest Analysis on RPI

Raspberry Pi Stock Down 10.9%

Shares of Raspberry Pi stock opened at GBX 673 on Friday. The company has a market cap of £1.30 billion, a PE ratio of 61.18 and a beta of 0.45. The business has a 50 day moving average of GBX 625.02 and a 200 day moving average of GBX 642.73. Raspberry Pi has a 52 week low of GBX 253.80 and a 52 week high of GBX 1,082.

Key Stories Impacting Raspberry Pi

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About Raspberry Pi

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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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