Anglo Irish is Europe's ‘most expensive’ bank

Anglo Irish Bank, which hit fresh record highs in recent weeks, is the most expensive bank stock in western Europe, according to broker estimates.

30th July, 2005

Anglo Irish Bank, which hit fresh record highs in recent weeks, is the most expensive bank stock in western Europe, according to broker estimates.

At a price earnings ratio of almost 16.5 times, the lender is more expensive than many Italian banks, which have attracted huge valuations amid frenzied takeover speculation.

Analysts now face decisions on whether to upgrade their price targets for Anglo significantly, after it pushed through a new record high of €11.20.

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