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

Berenberg Bank upgraded shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) to a buy rating in a research report report published on Friday morning, MarketBeat reports. The brokerage currently has GBX 3 price objective on the stock, up from their previous price objective of GBX 2.50.

A number of other research firms have also weighed in on BTA. UBS Group reaffirmed a “sell” rating and set a GBX 175 target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 140 to GBX 150 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 300 to GBX 310 and gave the stock an “overweight” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 155.60.

BlackRock Long-Term Municipal Advantage Trust’s Stock Performance

BlackRock Long-Term Municipal Advantage Trust’s Company Profile

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).