BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Free Report) was upgraded by Berenberg Bank to a “buy” rating in a research note issued on Friday,London Stock Exchange reports. The firm presently has a GBX 3 price objective on the stock, up from their previous price objective of GBX 2.50.
A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their target price 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 report on Friday, May 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 140 to GBX 150 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, UBS Group restated a “sell” rating and set a GBX 175 target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 155.60.
Check Out Our Latest Stock Analysis on BlackRock Long-Term Municipal Advantage Trust’s
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).
See Also
- Five stocks we like better than BlackRock Long-Term Municipal Advantage Trust’s
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Receive News & Ratings for BlackRock Long-Term Municipal Advantage Trust’s Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Long-Term Municipal Advantage Trust’s and related companies with MarketBeat.com's FREE daily email newsletter.
