Forbright (NASDAQ:FRBT) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. began coverage on shares of Forbright (NASDAQ:FRBT) in a research report issued to clients and 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 points to a potential upside of 12.00% from the company’s current price.

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

Forbright Stock Performance

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