BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Raised to “Buy” at Berenberg Bank

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) was upgraded by analysts at Berenberg Bank to a “buy” rating in a research report issued on Friday,London Stock Exchange reports. The firm currently has a GBX 3 price objective on the stock, up from their prior price objective of GBX 2.50.

BTA has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price target on BlackRock Long-Term Municipal Advantage Trust’s from GBX 300 to GBX 310 and gave the company an “overweight” rating in a research report on Friday, May 8th. UBS Group reaffirmed 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 140 to GBX 150 and gave the company a “buy” rating in a report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, BlackRock Long-Term Municipal Advantage Trust’s has a consensus rating of “Hold” 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).