Forbright (NASDAQ:FRBT) Rating Increased to Strong-Buy at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Forbright (NASDAQ:FRBT) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group began coverage on shares of Forbright in a report on Monday. They set a “buy” rating and a $23.50 target price for the company. Piper Sandler started coverage on Forbright in a research report on Monday. They issued a “neutral” rating and a $21.50 target price on the stock. Barclays started coverage on Forbright in a report on Monday. They set an “overweight” rating and a $23.00 price target for the company. TD Cowen initiated coverage on Forbright in a research note on Monday. They issued a “buy” rating for the company. Finally, Wall Street Zen raised Forbright to a “hold” rating in a report on Saturday, June 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $22.00.

Forbright Trading Down 0.7%

Shares of NASDAQ:FRBT traded down $0.13 on Monday, hitting $18.90. The company had a trading volume of 6,870 shares, compared to its average volume of 119,832. Forbright has a 1-year low of $17.48 and a 1-year high of $20.65.