King Digital Entertainment PLC’s $27 Rating Reaffirmed at Deutsche Bank (KING)
King Digital Entertainment PLC (NASDAQ:KING) traded up 5.12% during mid-day trading 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 price-to-earnings ratio of 8.47. King Digital Entertainment PLC also was the target of unusually large options trading activity on Friday. Investors acquired 11,964 call options on the stock. This represents an increase of approximately 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 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.
A number of other firms have also recently commented on KING. Analysts at Cowen and Company initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set an “outperform” rating and a $31.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company 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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