BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Free Report) had its price objective dropped by equities researchers at Citigroup from GBX 175 to GBX 165 in a report issued on Monday,London Stock Exchange reports. The brokerage currently has a “sell” rating on the stock.
A number of other equities analysts have also commented on BTA. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price on 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. 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 report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 150 price target 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of GBX 220.
Read Our Latest Stock Report on BTA
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).
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