Raspberry Pi (LON:RPI) Stock Falls 13.1% – What’s Next?

Raspberry Pi Holdings (LON:RPI) was down 13.1% during trading on Monday. The company traded as low as GBX 618.50 and last traded at GBX 618.50. Approximately 846,566 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 2,078,073 shares. The stock had previously closed at GBX 711.50.

Analyst Ratings Changes

Several brokerages have recently commented on RPI. Deutsche Bank Aktiengesellschaft raised their target price on shares of Raspberry Pi from GBX 550 to GBX 650 and gave the stock a “hold” rating in a report on Tuesday, June 16th. Berenberg Bank reissued a “hold” rating and set a GBX 670 target price on shares of Raspberry Pi in a report on Friday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 960 target price on shares of Raspberry Pi in a report on Friday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Raspberry Pi currently has a consensus rating of “Hold” and an average target price of GBX 760.

Raspberry Pi Price Performance

The company has a market capitalization of £1.20 billion, a price-to-earnings ratio of 56.23 and a beta of 0.45. The firm’s fifty day moving average price is GBX 625.89 and its 200-day moving average price is GBX 645.64.

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.