Rolls-Royce Hits £50 Billion Valuation After Huge Stock Rally [Yahoo! Finance]
AIRBUS SE UNSP/ADR (EADSY)
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Source: Yahoo! Finance
Most Read from Bloomberg As Wars Rage, Cities Face a Dark New Era of Urban Destruction Riyadh Metro Partially Opens in Bid to Ease City's Traffic Jams The London-based producer of engines like the Trent XWB, which powers some Airbus SE aircraft, closed up 3.2% on Tuesday, extending its year-to-date rally to 97%. The stock has risen more than sixfold since the end of 2022, beating every other stock on the benchmark Stoxx Europe 600 index. Rolls-Royce's sales have soared thanks to a post-pandemic surge in long-haul travel. The firm announced earlier this year that large-engine flying hours had finally surpassed levels seen before the Covid lockdowns. Still, analyst estimates suggest limited gains ahead for Rolls-Royce. The average 12-month price target among 20 brokers tracked by Bloomberg is about 593 pence, barely above where the shares traded at Tuesday's close. READ: Rolls-Royce Says Upgrades to Drive Revival of Shunned Engine Most Read from Bloomberg Businessweek H
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