Forbright, Inc. (NASDAQ:FRBT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Forbright, Inc. (NASDAQ:FRBT) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $22.00.

FRBT has been the subject of a number of research reports. Piper Sandler began coverage on shares of Forbright in a research report on Monday. They set a “neutral” rating and a $21.50 price target for the company. Wall Street Zen raised shares of Forbright to a “hold” rating in a report on Saturday, June 20th. TD Cowen started coverage on shares of Forbright in a research report on Monday, July 6th. They issued a “buy” rating on the stock. Barclays began coverage on shares of Forbright in a research note on Monday, July 6th. They set an “overweight” rating and a $23.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on Forbright in a research note on Monday. They issued a “buy” rating and a $23.50 target price on the stock.

Forbright Trading Down 0.1%

NASDAQ:FRBT opened at $20.19 on Monday. Forbright has a 1 year low of $17.48 and a 1 year high of $21.50.