BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Price Target Cut to GBX 225

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Rating) had its price objective lowered by equities researchers at Barclays from GBX 240 ($3.01) to GBX 225 ($2.82) in a research report issued on Friday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 275 ($3.44) price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Thursday, March 16th. Numis Securities reaffirmed a “sell” rating and set a GBX 115 ($1.44) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Friday, March 17th. Deutsche Bank Aktiengesellschaft upped their price target on BlackRock Long-Term Municipal Advantage Trust’s from GBX 140 ($1.75) to GBX 150 ($1.88) and gave the stock a “hold” rating in a research report on Thursday, March 23rd. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 160 ($2.00) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, BlackRock Long-Term Municipal Advantage Trust’s has a consensus rating of “Hold” and an average price target of GBX 192.14 ($2.41).

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