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 restated by analysts at Berenberg Bank in a report released on Thursday,Digital Look reports. They currently have a GBX 300 target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised 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. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set 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 issued a GBX 175 price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of GBX 215.

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).