JPMorgan Chase & Co. Initiates Coverage on Forbright (NASDAQ:FRBT)

Investment analysts at JPMorgan Chase & Co. began coverage on shares of Forbright (NASDAQ:FRBT) in a note issued to investors on Monday,Benzinga reports. The brokerage set a “neutral” rating and a $21.00 price target on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 12.00% from the company’s previous close.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group started coverage on Forbright in a research note on Monday. They issued a “buy” rating and a $23.50 target price on the stock. Wall Street Zen upgraded shares of Forbright to a “hold” rating in a report on Saturday, June 20th. Wells Fargo & Company began coverage on shares of Forbright in a research report on Monday. They set an “overweight” rating and a $21.00 target price on the stock. Barclays started coverage on Forbright in a report on Monday. They set an “overweight” rating on the stock. Finally, Piper Sandler began coverage on Forbright in a research note on Monday. They set a “neutral” rating and a $21.50 price target for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

Forbright Price Performance

Shares of NASDAQ:FRBT opened at $18.75 on Monday. Forbright has a 12-month low of $17.48 and a 12-month high of $19.27.