Forbright (NASDAQ:FRBT) Lowered to Sell Rating by Wall Street Zen

Forbright (NASDAQ:FRBT) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Several other analysts have also commented on FRBT. The Goldman Sachs Group started coverage on Forbright in a research report on Monday, July 6th. They issued a “buy” rating and a $23.50 price target on the stock. JPMorgan Chase & Co. started coverage on Forbright in a report on Monday, July 6th. They set a “neutral” rating and a $21.00 price objective for the company. Barclays assumed coverage on shares of Forbright in a research note on Monday, July 6th. They issued an “overweight” rating and a $23.00 target price on the stock. TD Cowen assumed coverage on shares of Forbright in a report on Monday, July 6th. They issued a “buy” rating on the stock. Finally, Zacks Research upgraded shares of Forbright to a “hold” rating in a research report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Forbright Price Performance

NASDAQ FRBT traded down $0.03 on Friday, reaching $20.19. The company’s stock had a trading volume of 114,561 shares, compared to its average volume of 132,866. Forbright has a 52 week low of $17.48 and a 52 week high of $21.50.