Forbright (NASDAQ:FRBT) Rating Lowered to Sell at Wall Street Zen

Forbright (NASDAQ:FRBT) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

A number of other equities analysts have also commented on FRBT. The Goldman Sachs Group started coverage on shares of Forbright in a research report on Monday, July 6th. They issued a “buy” rating and a $23.50 price target on the stock. Piper Sandler initiated coverage on shares of Forbright in a research report on Monday, July 6th. They set a “neutral” rating and a $21.50 target price for the company. Wells Fargo & Company initiated coverage on shares of Forbright in a report on Monday, July 6th. They set an “overweight” rating and a $21.00 price target for the company. Zacks Research raised Forbright to a “hold” rating in a research report on Tuesday, July 7th. Finally, Barclays initiated coverage on Forbright in a research note on Monday, July 6th. They issued an “overweight” rating and a $23.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Forbright presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Forbright Price Performance

Shares of NASDAQ:FRBT traded down $0.03 during trading on Friday, reaching $20.19. 114,561 shares of the company traded hands, compared to its average volume of 132,866. Forbright has a 1-year low of $17.48 and a 1-year high of $21.50.