Broker report sends Star Entertainment Group Ltd share price higher

Much to the delight of its shareholders, the Star Entertainment Group Ltd (ASX: SGR) share price has now climbed notably higher for two days in a row.

At the time of writing the hotel and casino operator’s shares are up over 3% to $5.28.

What happened?

Star Entertainment’s shares were given a boost on Thursday when a research note out of Citi revealed that its analysts have once again reiterated their buy rating and $6.65 price target

Should its shares reach this price target, it would mean a return of almost 26% from the current share price.

It is for this reason that Citi has declared Star Entertainment as its number one value trade.

According to the note, Citi appears to believe rumours of a link up with Crown Resorts Ltd (ASX: CWN) would make sense and be significantly accretive to earnings.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia owns shares of Crown Resorts Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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