Raspberry Pi (LON:RPI) Shares Down 0.9% – Time to Sell?

Raspberry Pi Holdings (LON:RPI)’s share price was down 0.9% on Monday. The stock traded as low as GBX 572 and last traded at GBX 580.50. Approximately 275,414 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,953,130 shares. The stock had previously closed at GBX 586.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RPI shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 960 price objective on shares of Raspberry Pi in a research note on Friday, September 25th. Berenberg Bank reiterated a “hold” rating and set a GBX 670 price target on shares of Raspberry Pi in a research report on Friday, September 25th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 760.

Raspberry Pi Price Performance

The company has a 50 day simple moving average of GBX 614 and a 200-day simple moving average of GBX 683.51. The stock has a market cap of £1.15 billion, a P/E ratio of 35.04 and a beta of 0.45.

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.