Citigroup Cuts BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Price Target to GBX 165

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) had its target price reduced by Citigroup from GBX 175 to GBX 165 in a report published on Monday morning, MarketBeat.com reports. Citigroup currently has a sell rating on the stock.

Several other equities research analysts also recently commented on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 300 target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Thursday, July 23rd. 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 report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 150 price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. lifted their price target 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. Two investment analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of GBX 220.

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).