BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Given New GBX 300 Price Target at JPMorgan Chase & Co.

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) had its target price lifted by JPMorgan Chase & Co. from GBX 286 to GBX 300 in a research note released on Thursday, Marketbeat.com reports. They currently have an overweight rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 140 to GBX 150 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 207.50.

BlackRock Long-Term Municipal Advantage Trust’s Price 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).