Forbright (NASDAQ:FRBT) Coverage Initiated by Analysts at TD Cowen

TD Cowen assumed coverage on shares of Forbright (NASDAQ:FRBT) in a report released on Monday morning, Marketbeat reports. The brokerage issued a buy rating on the stock.

FRBT has been the topic of a number of other research reports. The Goldman Sachs Group started coverage on Forbright in a report on Monday. They set a “buy” rating and a $23.50 price objective on the stock. Wells Fargo & Company started coverage on shares of Forbright in a report on Monday. They issued an “overweight” rating and a $21.00 price target on the stock. Piper Sandler began coverage on shares of Forbright in a research report on Monday. They issued a “neutral” rating and a $21.50 price objective for the company. Barclays began coverage on shares of Forbright in a research note on Monday. They set an “overweight” rating and a $23.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Forbright to a “hold” rating in a research note on Saturday, June 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Forbright presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Forbright Trading Down 0.4%

Shares of NASDAQ FRBT traded down $0.08 during mid-day trading on Monday, reaching $18.67. 4,172 shares of the company’s stock were exchanged, compared to its average volume of 127,440. Forbright has a 52 week low of $17.48 and a 52 week high of $20.65.