BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Price Target Raised to GBX 300

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) had its target price boosted by JPMorgan Chase & Co. from GBX 286 to GBX 300 in a research note released on Thursday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised their price target on BlackRock Long-Term Municipal Advantage Trust’s from GBX 140 to GBX 150 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 207.50.

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).