BlackRock Long-Term Municipal Advantage Trust’s’ (BTA) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) in a research note published on Thursday,Digital Look reports. Berenberg Bank currently has a GBX 300 price target on the stock.

Several other brokerages have also commented on BTA. UBS Group reiterated a “sell” rating and set a GBX 175 price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, May 18th. JPMorgan Chase & Co. upped their price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 300 to GBX 310 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, 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 report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of GBX 215.

BlackRock Long-Term Municipal Advantage Trust’s Stock 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).