JPMorgan Chase & Co. Forecasts Strong Price Appreciation for BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Stock

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from GBX 286 to GBX 300 in a note issued to investors on Thursday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on BlackRock Long-Term Municipal Advantage Trust’s from GBX 140 to GBX 150 and gave the company a “buy” rating in a report on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BlackRock Long-Term Municipal Advantage Trust’s presently 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).