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Stock analysts at Barclays started coverage on shares of King Digital Entertainment PLC (NASDAQ:KING) in a report issued on Monday. The firm set an “overweight” rating and a $23.00 price target on the stock. Barclays’ price objective would suggest a potential upside of 28.85% from the company’s current price.

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 price-to-earnings ratio of 8.47. King Digital Entertainment PLC also saw some unusual options trading on Friday. Stock traders bought 11,964 call options on the stock. This is an increase of 1,291% compared to the typical daily volume of 860 call options.

King Digital Entertainment PLC (NASDAQ:KING) last announced its earnings results 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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