Raspberry Pi (LON:RPI) Shares Down 1.6% - Should You Sell?

Key Points

• Raspberry Pi Holdings shares fell by 1.6%, trading as low as GBX 368.20 ($4.94) before closing at GBX 374.76 ($5.03).
• Deutsche Bank lowered its target price on the stock from GBX 420 to GBX 380, maintaining a "hold" rating.
• The company has a market capitalization of £724.50 million and a high price-to-earnings ratio of 8,164.71.

Raspberry Pi Holdings (LON:RPI - Get Free Report)'s stock price dropped 1.6% during mid-day trading on Friday . The company traded as low as GBX 368.20 ($4.94) and last traded at GBX 374.76 ($5.03). Approximately 400,363 shares traded hands during trading, a decline of 31% from the average daily volume of 582,529 shares. The stock had previously closed at GBX 381 ($5.12).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on Raspberry Pi from GBX 420 to GBX 380 and set a "hold" rating on the stock in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 380.

Raspberry Pi Trading Down 1.6%

The stock has a market capitalization of £724.50 million and a price-to-earnings ratio of 8,164.71. The stock has a 50-day simple moving average of GBX 407.66 and a 200 day simple moving average of GBX 444.11.

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.

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