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Equities research analysts at RBC Capital started 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 “outperform” rating and a $24.00 price target on the stock. RBC Capital’s target price would indicate a potential upside of 34.45% from the company’s current price.

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 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 P/E ratio of 8.47. King Digital Entertainment PLC also saw unusually large options trading on Friday. Stock investors purchased 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 announced its 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.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set an “overweight” rating and a $30.00 price target on the stock. Separately, 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. Finally, 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. King Digital Entertainment PLC presently has a consensus rating of “Buy” and an average 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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