BlackRock Long-Term Municipal Advantage Trust’s’ (BTA) “Buy” Rating Reaffirmed at Berenberg Bank

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 300 price target on the stock.

Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. upped their price objective on BlackRock Long-Term Municipal Advantage Trust’s from GBX 300 to GBX 310 and gave the stock an “overweight” rating in a research report 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, June 9th. Finally, UBS Group restated a “sell” rating and set a GBX 175 price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of GBX 215.

BlackRock Long-Term Municipal Advantage Trust’s Stock 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).