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

The Goldman Sachs Group upgraded shares of Forbright (NASDAQ:FRBT) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

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

Forbright Stock Down 0.7%

Shares of FRBT stock traded down $0.13 during trading hours on Monday, reaching $18.90. The stock had a trading volume of 6,870 shares, 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.