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

Forbright, Inc. (NASDAQ:FRBT) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.75.

A number of equities analysts have recently commented on FRBT shares. Barclays assumed coverage on Forbright in a research note on Monday. They issued an “overweight” rating and a $23.00 price objective on the stock. The Goldman Sachs Group began coverage on Forbright in a research report on Monday. They issued a “buy” rating and a $23.50 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Forbright in a research note on Monday. They issued a “neutral” rating and a $21.00 target price for the company. Wells Fargo & Company started coverage on Forbright in a research report on Monday. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Wall Street Zen raised Forbright to a “hold” rating in a report on Saturday, June 20th.

Forbright Stock Performance

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