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Equities researchers at Piper Jaffray started coverage on shares of King Digital Entertainment PLC (NASDAQ:KING) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $19.00 price target on the stock. Piper Jaffray’s price objective would suggest a potential upside of 6.44% from the company’s current price.

King Digital Entertainment PLC (NASDAQ:KING) traded up 5.12% on Monday, hitting $17.85. The stock had a trading volume of 3,481,742 shares. King Digital Entertainment PLC has a 52 week low of $15.26 and a 52 week high of $21.39. The stock’s 50-day moving average is $16.7 and its 200-day moving average is $17.39. The company has a market cap of $5.671 billion and a P/E ratio of 8.47. King Digital Entertainment PLC also was the recipient of unusually large options trading activity on Friday. Stock traders bought 11,964 call options on the company. This is an increase of 1,291% compared to the typical volume of 860 call options.

King Digital Entertainment PLC (NASDAQ:KING) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.16. The company had revenue of $606.70 million for the quarter, compared to the consensus estimate of $205.90 million. The company’s revenue for the quarter was up 194.7% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set an “outperform” rating and a $24.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set an “overweight” rating and a $30.00 price target on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set a “buy” rating and a $22.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. King Digital Entertainment PLC currently has a consensus rating of “Buy” and a consensus price target of $24.67.

King Digital Entertainment plc is an interactive entertainment company. The Company’s games include Candy Crush Saga, Pet Rescue Saga, Farm Heroes Saga, Papa Pear Saga and Bubble Witch Saga.

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