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

Raspberry Pi Holdings (LON:RPI) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 924.50 and last traded at GBX 880, with a volume of 937071 shares traded. The stock had previously closed at GBX 896.50.

Wall Street Analysts Forecast Growth

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

Raspberry Pi Stock Performance

The stock has a market capitalization of £2.05 billion, a P/E ratio of 230.99 and a beta of 0.84. The stock has a 50 day moving average of GBX 619.55 and a 200 day moving average of GBX 420.15.

Insider Buying and Selling

In related news, insider Daniel Labbad sold 9,527 shares of the 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 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. Corporate insiders own 1.73% of the company’s stock.

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.