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BUZZ-Spectris: Strong FY results lift stock

Reuters - UK Focus

** Electrical engineering company up 2.1 pct after co's results beat consensus (flagged by brokers)

** Co reports FY revenue +13 pct to 1.53 bln stg, underlying operating profit up by 17 pct and FY dividend +9 pct to 57 pounds

** Jefferies says Spectris (Other OTC: SEPJF - news) ' FY17 PBT/EPS are strongly ahead of its forecasts/consensus, FY17 ended well, EBITA margins were better than expected and good strategic progress made

** Broker says there are many moving parts to consider in FY18F, including a new £100m buy-back, but it still expects yoy growth; reiterates "buy" rating, lifts PT to 3,055p vs 2,880p

** Among top gainers on FTSE 250 & Stoxx 600