Forbright (NASDAQ:FRBT) Upgraded to “Strong-Buy” at The Goldman Sachs Group

Forbright (NASDAQ:FRBT) was upgraded by stock analysts at The Goldman Sachs Group to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on FRBT. Wells Fargo & Company began coverage on Forbright in a report on Monday. They set an “overweight” rating and a $21.00 price target on the stock. TD Cowen began coverage on Forbright in a research note on Monday. They issued a “buy” rating for the company. Piper Sandler initiated coverage on Forbright in a research report on Monday. They set a “neutral” rating and a $21.50 price objective for the company. JPMorgan Chase & Co. began coverage on Forbright in a research note on Monday. They set a “neutral” rating and a $21.00 target price on the stock. Finally, Wall Street Zen upgraded Forbright to a “hold” rating in a report on Saturday, June 20th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Forbright presently has a consensus rating of “Buy” and a consensus target price of $22.00.

Forbright Price Performance

NASDAQ:FRBT traded down $0.13 during trading hours on Monday, hitting $18.90. 6,622 shares of the stock traded hands, compared to its average volume of 119,832. Forbright has a fifty-two week low of $17.48 and a fifty-two week high of $20.65.