Marrone Bio Innovations with ticker code (MBII) now have 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 2.5 and 1.3 calculating the average target price we see 1.99. Now with the previous closing price of 1.33 this is indicating there is a potential upside of 49.6%. The day 50 moving average is 1.2 and the 200 day moving average is 1.19. The market capitalisation for the company is $200m. Find out more information at: http://www.marronebio.com
The potential market cap would be $299m based on the market concensus.
Marrone Bio Innovations discovers, develops, produces, and promotes biological products for pest management, plant nutrition, and plant health in the United States and internationally. Its products include Regalia, a plant extract-based fungicidal biopesticide for plant disease and plant health; Grandevo, a bioinsecticide for insect and mite control; Venerate, a bioinsecticide, which controls chewing and sucking insects and mites, as well as flies and plant parasitic nematodes; and Majestene, a bionematicide to control soil-dwelling nematodes by preventing and reducing root galls, and reducing adult reproduction and egg hatch, as well as controls soil borne insects. The company also provides Stargus, a biofungicide to control plant diseases, such as Sclerotinia white molds, gray mold/bunch rot, and downy mildews; and Haven, a plant health product that is applied to the leaves of plants to reduce sun stress. In addition, it offers Zequanox, a biomolluscicide that controls invasive mussels, which cause infrastructure and ecological damage primarily to power and industrial companies. Additionally, the company provides Pro Farm products for increasing plant health, yield and quality; and Jet-Ag and Jet-Oxide, peroxyacetic acid-based plant health product lines that stops molds and bacteria on plants and other surfaces. Marrone Bio Innovations serves agricultural and water treatment markets. The company provides its products directly through sales force, as well as through distributors. The company formerly known as Marrone Organic Innovations Marrone Bio Innovations was founded in 2006 and is headquartered in Davis, California.
