Forbright (NASDAQ:FRBT) Raised to Hold at Piper Sandler

Forbright (NASDAQ:FRBT) was upgraded by equities research analysts at Piper Sandler to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on FRBT. Wall Street Zen raised Forbright to a “hold” rating in a research report on Saturday, June 20th. Barclays assumed coverage on Forbright in a research report on Monday. They issued an “overweight” rating and a $23.00 target price on the stock. The Goldman Sachs Group initiated coverage on Forbright in a research note on Monday. They set a “buy” rating and a $23.50 price objective on the stock. Wells Fargo & Company assumed coverage on shares of Forbright in a research note on Monday. They issued an “overweight” rating and a $21.00 target price for the company. Finally, TD Cowen began coverage on Forbright in a report on Monday. They set a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $22.00.

Forbright Price Performance

Shares of FRBT traded down $0.13 during midday trading on Monday, hitting $18.90. The stock had a trading volume of 6,622 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.