Forbright, Inc. (NASDAQ:FRBT – Get Free Report) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $21.75.
A number of equities research analysts have recently weighed in on FRBT shares. Wall Street Zen raised Forbright to a “hold” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. assumed coverage on Forbright in a research note on Monday. They issued a “neutral” rating and a $21.00 price target for the company. Barclays began coverage on Forbright in a report on Monday. They issued an “overweight” rating and a $23.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Forbright in a research report on Monday. They set a “buy” rating and a $23.50 price objective on the stock. Finally, Piper Sandler initiated coverage on shares of Forbright in a research note on Monday. They issued a “neutral” rating and a $21.50 target price for the company.
Read Our Latest Analysis on Forbright
Forbright Price Performance
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