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

JPMorgan Chase & Co. reiterated their overweight rating on shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Rating) in a report released on Thursday, Marketbeat reports. The firm currently has a GBX 275 ($3.35) price target on the stock.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a GBX 140 ($1.71) price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Monday, December 19th. Berenberg Bank dropped 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 for the company in a research note on Wednesday, January 4th. Citigroup dropped 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 for the company in a research note on Friday, December 2nd. Barclays reissued an overweight rating and issued a GBX 230 ($2.80) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Friday, January 20th. Finally, Numis Securities reissued a reduce rating and issued a GBX 115 ($1.40) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, February 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, BlackRock Long-Term Municipal Advantage Trust’s currently has a consensus rating of Moderate Buy and an average price target 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).