Forget Novo, Rolls-Royce Is Europe’s Best Stock This Year
- Engine maker sets ambitious new mid-term goals, lifting shares
- Stock’s 180% gain this year is biggest since 1987 listing
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Rolls-Royce Holdings Plc just extended its status as Europe’s best performing stock this year.
The shares rose as much as 7.5% on Tuesday after the UK maker of engines set ambitious targets for higher cash flow and return on capital. The stock has jumped nearly 180% this year, on track for the best year since its 1987 public listing, as a recovery in air travel propels demand for its engines.