BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Free Report) had its price objective reduced by Citigroup from GBX 175 to GBX 165 in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage presently has a “sell” rating on the stock.
Several other brokerages have also issued reports on BTA. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 150 price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Tuesday, June 9th. UBS Group reaffirmed a “sell” rating and issued a GBX 175 target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Monday, May 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted 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 report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of GBX 220.
Read Our Latest Analysis on BTA
BlackRock Long-Term Municipal Advantage Trust’s Stock 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).
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