November 30, 2016 - By Vivian Park
The financial firm have set price target of GBX 540.00 on BT Group PLC (LON:BTA) shares. This is 50.51% from the previous close. In analysts note issued to clients and investors on Wednesday, 30 November, Goldman Sachs maintained their Conviction Buy rating on shares of BTA.
Out of 19 analysts covering BT Group PLC (LON:BTA), 10 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 53% are positive. GBX 650 is the highest target while GBX 300 is the lowest. The GBX 459.18 average target is 4097.26% above today’s (GBX 10.94) stock price. BT Group PLC has been the topic of 197 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Barclays Capital on Friday, February 26. Societe Generale maintained the stock with “Buy” rating in Monday, October 19 report. HSBC maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) on Friday, August 5 with “Buy” rating. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, October 14. As per Thursday, October 29, the company rating was maintained by Jefferies. Citigroup maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) on Tuesday, May 3 with “Neutral” rating. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) earned “Outperform” rating by Credit Suisse on Thursday, January 21. As per Friday, June 17, the company rating was maintained by Haitong Securities. The firm has “Neutral” rating given on Tuesday, November 22 by UBS. The firm earned “Outperform” rating on Tuesday, November 24 by Credit Suisse.
The stock decreased 0.73% or GBX 0.08 on November 29, hitting GBX 10.94. BlackRock LT Municipal Advantage Trust (LON:BTA) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.44 in 2016 Q2. Its up 0.94, from 0.5 in 2016Q1. The ratio increased, as 7 funds sold all BlackRock LT Municipal Advantage Trust shares owned while 11 reduced positions. 2 funds bought stakes while 7 increased positions. They now own 2.68 million shares or 12.19% less from 3.05 million shares in 2016Q1.
Invesco Limited holds 0% or 526,722 shares in its portfolio. Highlander Ltd Liability Company last reported 2,000 shares in the company. Royal Bank & Trust Of Canada has 0% invested in the company for 30,700 shares. Nuveen Asset Mngmt Limited Liability Co has 0% invested in the company for 17,081 shares. Stifel Financial accumulated 10,640 shares or 0% of the stock. Tradewinds Capital Mngmt accumulated 106,921 shares or 0.98% of the stock. Raymond James Finance Svcs Inc last reported 0% of its portfolio in the stock. Monetary Mngmt Gp Inc accumulated 10,001 shares or 0.06% of the stock. Grimes Company Inc last reported 16,300 shares in the company. Ladenburg Thalmann Fincl Ser Inc last reported 0% of its portfolio in the stock. Bank Of Montreal Can last reported 121,500 shares in the company. Oxbow Advisors Lc has 0.04% invested in the company for 24,055 shares. Advsrs Asset Management Incorporated owns 449,218 shares or 0.09% of their US portfolio. Mackay Shields Limited Liability Company holds 0.1% or 156,373 shares in its portfolio. State Bank Of America Corp De holds 7,422 shares or 0% of its portfolio.
BlackRock Long-Term Municipal Advantage Trust is a non-diversified, closed-end management investment company. The company has a market cap of $146.71 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax. It has a 10.16 P/E ratio. 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).
BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trustâ€™s investment objective is to provide current income, which in the opinion of bond counsel to the issuer, is exempt from regular Federal income tax. Under normal market conditions, the Trust will invest at least 80% of its total assets in municipal bonds, municipal securities and derivative instruments with exposure to such bonds and securities, in each case that are expected to pay interest or income that is exempt from regular Federal income tax. The Trust may invest up to 25% of its net assets in residual interest municipal tender option bonds.
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By Vivian Park