Berenberg Bank Reaffirms “Buy” Rating for BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)‘s stock had its “buy” rating reiterated by Berenberg Bank in a report issued on Wednesday,Digital Look reports. They presently have a GBX 3 target price on the stock.

BTA has been the topic of several other research reports. JPMorgan Chase & Co. lifted their target price on BlackRock Long-Term Municipal Advantage Trust’s from GBX 300 to GBX 310 and gave the company an “overweight” rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 150 target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Tuesday. Finally, UBS Group reiterated a “sell” rating and issued a GBX 175 target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BlackRock Long-Term Municipal Advantage Trust’s presently has a consensus rating of “Reduce” and an average target price of GBX 155.60.

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

About BlackRock Long-Term Municipal Advantage Trust’s

BlackRock Long-Term Municipal Advantage Trust’s (BTA) (the ‘Trust’) investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).