Forbright (NASDAQ:FRBT) Rating Increased to Hold at Wall Street Zen

Forbright (NASDAQ:FRBT) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Several other equities analysts have also recently weighed in on FRBT. JPMorgan Chase & Co. began coverage on shares of Forbright in a research note on Monday, July 6th. They set a “neutral” rating and a $21.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Forbright in a research note on Monday, July 6th. They issued a “buy” rating and a $23.50 price target on the stock. Zacks Research raised shares of Forbright to a “hold” rating in a report on Tuesday, July 7th. Barclays initiated coverage on Forbright in a research report on Monday, July 6th. They set an “overweight” rating and a $23.00 price objective for the company. Finally, Piper Sandler initiated coverage on Forbright in a report on Monday, July 6th. They issued a “neutral” rating and a $21.50 target price on the stock. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.00.

Forbright Stock Performance

Forbright stock opened at $19.05 on Monday. Forbright has a 1 year low of $17.48 and a 1 year high of $22.00.