Forbright (NASDAQ:FRBT) Upgraded at Zacks Research

Forbright (NASDAQ:FRBT) was upgraded by analysts at Zacks Research to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the company. TD Cowen started coverage on Forbright in a research report on Monday. They set a “buy” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of Forbright in a report on Monday. They set a “neutral” rating and a $21.00 price target on the stock. Wall Street Zen upgraded shares of Forbright to a “hold” rating in a research report on Saturday, June 20th. Barclays initiated coverage on shares of Forbright in a report on Monday. They issued an “overweight” rating and a $23.00 target price for the company. Finally, Piper Sandler initiated coverage on Forbright in a report on Monday. They set a “neutral” rating and a $21.50 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Forbright has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Forbright Price Performance

Shares of FRBT stock opened at $19.37 on Tuesday. Forbright has a 52 week low of $17.48 and a 52 week high of $21.50.