Berenberg Bank Reaffirms “Buy” Rating for BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 3 target price on the stock.

A number of other equities research analysts have also commented on BTA. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 150 target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Tuesday. JPMorgan Chase & Co. upped 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 report on Friday, May 8th. Finally, UBS Group reiterated 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. Two analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of GBX 155.60.

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).