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Research analysts at Credit Suisse began coverage on shares of King Digital Entertainment PLC (NASDAQ:KING) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $28.00 price target on the stock. Credit Suisse’s target price would indicate a potential upside of 56.86% from the stock’s previous close.

Shares of King Digital Entertainment PLC (NASDAQ:KING) traded up 5.12% on Monday, hitting $17.85. 3,481,742 shares of the company’s stock traded hands. King Digital Entertainment PLC has a 52-week low of $15.26 and a 52-week high of $21.39. The stock has a 50-day moving average of $16.7 and a 200-day moving average of $17.39. The company has a market cap of $5.671 billion and a price-to-earnings ratio of 8.47. King Digital Entertainment PLC also saw some unusual options trading on Friday. Stock investors bought 11,964 call options on the company. This represents an increase of 1,291% compared to the typical daily 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 for the quarter, missing the analysts’ 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. King Digital Entertainment PLC’s revenue was up 194.7% compared to the same quarter last year.

A number of other analysts have also recently weighed in on KING. Analysts at BMO Capital Markets initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set an “outperform” rating and a $25.00 price target on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set an “outperform” rating and a $21.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set a “buy” rating and a $27.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average 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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