Share on StockTwits

King Digital Entertainment PLC (NYSE:KING) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Wednesday. They currently have a $16.00 target price on the stock, down from their previous target price of $24.00. Barclays’ price target suggests a potential downside of 12.09% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of King Digital Entertainment PLC in a research note on Wednesday. They now have a $20.00 price target on the stock, down previously from $25.00. Separately, analysts at JPMorgan Chase & Co. downgraded shares of King Digital Entertainment PLC from an “overweight” rating to a “neutral” rating in a research note on Wednesday. They now have a $18.00 price target on the stock, down previously from $30.00. Finally, analysts at RBC Capital downgraded shares of King Digital Entertainment PLC from an “outperform” rating to a “sector perform” rating in a research note on Wednesday. They now have a $15.00 price target on the stock, down previously from $24.00. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. King Digital Entertainment PLC currently has a consensus rating of “Hold” and an average price target of $20.32.

King Digital Entertainment PLC (NYSE:KING) opened at 14.01 on Wednesday. King Digital Entertainment PLC has a one year low of $15.26 and a one year high of $23.48. The stock’s 50-day moving average is $19.51 and its 200-day moving average is $18.16. The company has a market cap of $4.451 billion and a price-to-earnings ratio of 9.08.

King Digital Entertainment PLC (NYSE:KING) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $593.60 million for the quarter, compared to the consensus estimate of $455.50 million.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.