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

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

A number of other analysts also recently commented on the company. Citigroup dropped their price objective on 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 report on Friday, December 2nd. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a GBX 140 ($1.71) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Monday, December 19th. Barclays reiterated an overweight rating and issued a GBX 230 ($2.80) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Friday, January 20th. Berenberg Bank lowered their price target on 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 report on Wednesday, January 4th. Finally, Numis Securities reiterated a reduce rating and issued a GBX 115 ($1.40) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Monday, February 6th. One equities research 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.com, BlackRock Long-Term Municipal Advantage Trust’s has a consensus rating of Moderate Buy and a consensus target price of GBX 191.43 ($2.33).

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

About BlackRock Long-Term Municipal Advantage Trust’s

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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).