BlackRock LT Municipal Advantage Trust Given Consensus Recommendation of “Buy” by Analysts (LON:BTA)
Shares of BlackRock LT Municipal Advantage Trust (LON:BTA) have received an average rating of “Buy” from the fifteen brokerages that are covering the stock, Stock Ratings News reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 488.50 ($8.29).
Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 1,000 ($16.98) to GBX 965 ($16.38) in a research note on Friday. They now have an “overweight” rating on the stock.
BlackRock Long-Term Municipal Advantage Trust (LON:BTA) is a perpetual closed-end municipal bond fund.
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