BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Earns “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Rating) in a report issued on Thursday, MarketBeat reports. They currently have a GBX 275 ($3.35) price objective on the stock.

Several other research firms have also recently commented on BTA. Berenberg Bank lowered their price target on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 190 ($2.32) to GBX 160 ($1.95) and set a buy rating on the stock in a report on Wednesday, January 4th. Citigroup lowered their price target on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 185 ($2.25) to GBX 130 ($1.58) and set a neutral rating on the stock in a report on Friday, December 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a GBX 140 ($1.71) price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, December 19th. Numis Securities reaffirmed a reduce rating and issued a GBX 115 ($1.40) price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, February 6th. Finally, Barclays reaffirmed an overweight rating and issued a GBX 230 ($2.80) price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Friday, January 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, BlackRock Long-Term Municipal Advantage Trust’s presently has an average rating of Moderate Buy and a consensus target price of GBX 191.43 ($2.33).

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

BlackRock Long-Term Municipal Advantage Trust’s Company Profile

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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).