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Barclays increased their price objective on shares of King Digital Entertainment PLC (NASDAQ:KING) from $23.00 to $24.00 in a research note issued on Friday. Barclays’ price objective points to a potential upside of 34.45% from the company’s current price.

King Digital Entertainment PLC (NASDAQ:KING) traded up 5.12% on Friday, 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’s 50-day moving average is $16.73 and its 200-day moving average is $17.38. The company has a market cap of $5.671 billion and a price-to-earnings ratio of 8.47. King Digital Entertainment PLC also was the target of some unusual options trading activity on Friday. Traders bought 11,964 call options on the company. This represents an increase of approximately 1,291% compared to the average 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 Wedbush initiated coverage on shares of King Digital Entertainment PLC in a research note on Tuesday, May 6th. They set an “outperform” rating and a $25.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set a “buy” rating and a $23.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “$27″ rating on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price 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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