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Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of King Digital Entertainment PLC (NASDAQ:KING) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $30.00 price target on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 68.07% from the stock’s previous close.

Several other analysts have also recently commented on the stock. 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. Analysts at Barclays initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set an “overweight” rating and a $23.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.67.

Shares of 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 1-year low of $15.26 and a 1-year 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 target of some unusual options trading activity on Friday. Stock investors acquired 11,964 call options on the company. This represents an increase of 1,291% compared to the average volume of 860 call options.

King Digital Entertainment PLC (NASDAQ:KING) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 194.7% on a year-over-year basis.

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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