Forbright (NASDAQ:FRBT) Stock Rating Upgraded by Wells Fargo & Company

Forbright (NASDAQ:FRBT) was upgraded by stock analysts at Wells Fargo & Company to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on FRBT. JPMorgan Chase & Co. started coverage on Forbright in a report on Monday. They set a “neutral” rating and a $21.00 price objective for the company. The Goldman Sachs Group assumed coverage on Forbright in a report on Monday. They issued a “buy” rating and a $23.50 target price on the stock. Wall Street Zen raised shares of Forbright to a “hold” rating in a research report on Saturday, June 20th. Barclays initiated coverage on shares of Forbright in a research note on Monday. They set an “overweight” rating and a $23.00 price target for the company. Finally, Piper Sandler initiated coverage on shares of Forbright in a report on Monday. They set a “neutral” rating and a $21.50 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $22.00.

Forbright Stock Down 0.7%

FRBT stock traded down $0.13 during trading on Monday, reaching $18.90. 6,622 shares of the stock were exchanged, compared to its average volume of 119,832. Forbright has a twelve month low of $17.48 and a twelve month high of $20.65.