King Digital Entertainment PLC Receives “Outperform” Rating from Credit Suisse (KING)
King Digital Entertainment PLC (NYSE:KING)‘s stock had its “outperform” rating reiterated by equities researchers at Credit Suisse in a research report issued on Wednesday. They currently have a $17.00 price objective on the stock, down from their previous price objective of $500.00. Credit Suisse’s target price indicates a potential downside of 6.59% from the stock’s previous close.
KING has been the subject of a number of other recent research reports. Analysts at Bank of America reiterated a “neutral” rating on shares of King Digital Entertainment PLC in a research note on Wednesday. They now have a $19.00 price target on the stock, down previously from $22.00. Separately, analysts at Piper Jaffray 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 $16.00 price target on the stock, down previously from $28.00. Finally, analysts at Deutsche Bank downgraded shares of King Digital Entertainment PLC from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $12.00 price target on the stock, down previously from $27.00. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. King Digital Entertainment PLC has a consensus rating of “Hold” and an average target price of $20.32.
Shares of King Digital Entertainment PLC (NYSE:KING) traded down 23.35% on Wednesday, hitting $13.95. 10,539,931 shares of the company’s stock traded hands. King Digital Entertainment PLC has a one year low of $15.26 and a one year high of $23.48. The stock has a 50-day moving average of $19.51 and a 200-day moving average of $18.16. The company has a market cap of $4.432 billion and a P/E ratio of 9.08.
King Digital Entertainment PLC (NYSE:KING) last announced its earnings results on Tuesday, August 12th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters 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.
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