Raspberry Pi (LON:RPI) Shares Down 13.1% – Time to Sell?

Raspberry Pi Holdings (LON:RPI)’s share price traded down 13.1% during mid-day trading on Monday. The stock 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.

Wall Street Analysts Forecast Growth

RPI has been the subject of several research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 960 price objective on shares of Raspberry Pi in a research report on Friday. Berenberg Bank reiterated a “hold” rating and set a GBX 670 price objective on shares of Raspberry Pi in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Raspberry Pi from GBX 550 to GBX 650 and gave the company a “hold” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Raspberry Pi presently has an average rating of “Hold” and an average target price of GBX 760.

Raspberry Pi Trading Down 13.1%

The company’s 50 day moving average is GBX 625.89 and its 200-day moving average is GBX 645.64. The firm has a market capitalization of £1.20 billion, a price-to-earnings ratio of 56.23 and a beta of 0.45.

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.