Barclays began coverage on shares of Forbright (NASDAQ:FRBT – Free Report) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $23.00 target price on the stock.
FRBT has been the subject of several other research reports. Wells Fargo & Company started coverage on Forbright in a research note on Monday. They set an “overweight” rating and a $21.00 target price for the company. The Goldman Sachs Group began coverage on Forbright in a research report on Monday. They issued a “buy” rating and a $23.50 target price for the company. Piper Sandler initiated coverage on Forbright in a research note on Monday. They set a “neutral” rating and a $21.50 price target on the stock. Finally, Wall Street Zen upgraded Forbright to a “hold” rating in a report on Saturday, June 20th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.
Read Our Latest Report on Forbright
Forbright Stock Up 1.7%
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