BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Receives Buy Rating from Berenberg Bank

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)‘s stock had its “buy” rating reissued by Berenberg Bank in a report released on Thursday,Digital Look reports. They presently have a GBX 300 target price on the stock.

BTA has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 150 price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Tuesday, June 9th. UBS Group reissued a “sell” rating and set a GBX 175 price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. boosted their price target on BlackRock Long-Term Municipal Advantage Trust’s from GBX 300 to GBX 310 and gave the company an “overweight” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, BlackRock Long-Term Municipal Advantage Trust’s has an average rating of “Reduce” and an average target price of GBX 215.

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