Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Raspberry Pi (LON:RPI) Stock Price

Raspberry Pi (LON:RPI) had its target price decreased by analysts at Deutsche Bank Aktiengesellschaft from GBX 380 to GBX 300 in a report issued on Friday,Digital Look reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 5.93% from the company’s current price.

Raspberry Pi Stock Down 5.5%

Raspberry Pi stock traded down GBX 16.60 during midday trading on Friday, hitting GBX 283.20. 375,770 shares of the stock were exchanged, compared to its average volume of 890,988. The stock has a market capitalization of £547.65 million and a PE ratio of 61.70. The company has a fifty day simple moving average of GBX 313.28 and a two-hundred day simple moving average of GBX 377.49. Raspberry Pi has a 52 week low of GBX 260 and a 52 week high of GBX 780.

Insider Transactions at Raspberry Pi

In related news, insider Eben Upton CBE purchased 21,927 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were purchased at an average price of GBX 271 per share, with a total value of £59,422.17. Also, insider David Ranken Gammon purchased 12,000 shares of Raspberry Pi stock in a transaction dated Friday, November 21st. The stock was bought at an average price of GBX 306 per share, with a total value of £36,720. Over the last three months, insiders acquired 39,759 shares of company stock valued at $11,614,593. Insiders own 1.69% of the company’s stock.

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.