Forbright (NASDAQ:FRBT) Earns Overweight Rating from Analysts at Barclays

Stock analysts at Barclays started coverage on shares of Forbright (NASDAQ:FRBT) in a research report issued to clients and investors on Monday, MarketBeat reports. The firm set an “overweight” rating on the stock.

FRBT has been the topic of a number of other research reports. Wall Street Zen raised shares of Forbright to a “hold” rating in a research report on Saturday, June 20th. 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 target on the stock. Wells Fargo & Company started coverage on shares of Forbright in a research note on Monday. They set an “overweight” rating and a $21.00 price objective for the company. Finally, Piper Sandler assumed coverage on Forbright in a report on Monday. They issued a “neutral” rating and a $21.50 price objective for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.75.

Forbright Stock Performance

NASDAQ FRBT opened at $18.75 on Monday. Forbright has a 52 week low of $17.48 and a 52 week high of $19.27.