Forbright (NASDAQ:FRBT – Get Free Report) had its price target boosted by analysts at JPMorgan Chase & Co. from $21.00 to $23.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 18.43% from the company’s previous close.
FRBT has been the subject of a number of other reports. Wall Street Zen raised Forbright from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Wells Fargo & Company began coverage on Forbright in a research note on Monday, July 6th. They issued an “overweight” rating and a $21.00 target price for the company. TD Cowen assumed coverage on shares of Forbright in a report on Monday, July 6th. They issued a “buy” rating on the stock. The Goldman Sachs Group initiated coverage on shares of Forbright in a research report on Monday, July 6th. They issued a “buy” rating and a $23.50 price objective for the company. Finally, Barclays began coverage on shares of Forbright in a research note on Monday, July 6th. They set an “overweight” rating and a $23.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.40.
Read Our Latest Report on FRBT
Forbright Price Performance
Forbright (NASDAQ:FRBT – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $84.99 million for the quarter, compared to the consensus estimate of $85.24 million.
Forbright, Inc is a finance company in the Regional Banks industry.
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