Forbright (NASDAQ:FRBT) Now Covered by Analysts at TD Cowen

Stock analysts at TD Cowen began coverage on shares of Forbright (NASDAQ:FRBT) in a note issued to investors on Monday. The brokerage set a “buy” rating on the stock.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company initiated coverage on Forbright in a report on Monday. They issued an “overweight” rating and a $21.00 price objective on the stock. The Goldman Sachs Group began coverage on Forbright in a report on Monday. They issued a “buy” rating and a $23.50 price target for the company. Barclays started coverage on Forbright in a research note on Monday. They issued an “overweight” rating and a $23.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Forbright in a research note on Monday. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, Wall Street Zen raised shares of Forbright to a “hold” rating in a research report on Saturday, June 20th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Forbright has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Forbright Price Performance

Forbright stock opened at $18.75 on Monday. Forbright has a 1 year low of $17.48 and a 1 year high of $19.27.